National Bank of Canada (TSE:NA) Price Target Raised to C$138.00

National Bank of Canada (TSE:NA) had its price objective hoisted by investment analysts at Canaccord Genuity Group from C$136.00 to C$138.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the financial services provider’s stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 0.46% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. UBS Group decreased their target price on shares of National Bank of Canada from C$145.00 to C$140.00 in a research note on Friday, February 28th. Cibc World Mkts cut National Bank of Canada from a “hold” rating to a “strong sell” rating in a research report on Friday, April 4th. Royal Bank Of Canada lifted their target price on National Bank of Canada from C$148.00 to C$152.00 and gave the company a “sector perform” rating in a research note on Monday, June 9th. Scotiabank upgraded National Bank of Canada to a “strong-buy” rating in a research note on Thursday, May 15th. Finally, CIBC lifted their price objective on shares of National Bank of Canada from C$125.00 to C$127.00 and gave the company an “underperform” rating in a research report on Thursday, June 5th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$135.36.

National Bank of Canada Price Performance

Shares of NA traded up C$0.63 during mid-day trading on Tuesday, reaching C$137.37. 465,007 shares of the company’s stock were exchanged, compared to its average volume of 1,907,340. The business’s fifty day simple moving average is C$127.32 and its 200-day simple moving average is C$125.71. The stock has a market capitalization of C$53.56 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 52-week low of C$106.44 and a 52-week high of C$141.15.

Insider Buying and Selling

In other National Bank of Canada news, Director Yvon Charest bought 362 shares of the company’s stock in a transaction on Tuesday, May 20th. The stock was purchased at an average cost of C$127.93 per share, for a total transaction of C$46,310.66. Insiders own 0.21% of the company’s stock.

National Bank of Canada Company Profile

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.