National Bank of Canada (TSE:NA) Price Target Increased to C$129.00 by Analysts at Scotiabank

National Bank of Canada (TSE:NA) had its target price upped by research analysts at Scotiabank from C$120.00 to C$129.00 in a report issued on Thursday, BayStreet.CA reports. Scotiabank’s target price indicates a potential upside of 3.43% from the company’s previous close.

Several other research analysts have also commented on the company. UBS Group set a C$123.00 price target on National Bank of Canada and gave the stock a “buy” rating in a research report on Tuesday, July 2nd. Jefferies Financial Group reduced their price target on shares of National Bank of Canada from C$121.00 to C$119.00 and set a “hold” rating for the company in a research report on Monday, August 12th. Cormark raised their price objective on shares of National Bank of Canada from C$121.00 to C$122.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 20th. BMO Capital Markets reduced their target price on shares of National Bank of Canada from C$121.00 to C$115.00 and set an “outperform” rating for the company in a report on Tuesday, June 18th. Finally, Royal Bank of Canada lifted their target price on National Bank of Canada from C$109.00 to C$113.00 and gave the company a “sector perform” rating in a research note on Thursday, May 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, National Bank of Canada presently has a consensus rating of “Hold” and a consensus price target of C$121.33.

National Bank of Canada Stock Down 1.7 %

Shares of National Bank of Canada stock traded down C$2.19 during trading hours on Thursday, reaching C$124.72. 966,621 shares of the company’s stock were exchanged, compared to its average volume of 1,713,911. The company has a market capitalization of C$43.52 billion, a P/E ratio of 12.86, a price-to-earnings-growth ratio of 17.04 and a beta of 1.13. The business has a fifty day moving average of C$112.97 and a two-hundred day moving average of C$111.96. National Bank of Canada has a 1 year low of C$84.27 and a 1 year high of C$127.22.

National Bank of Canada (TSE:NA) last issued its earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share for the quarter, topping the consensus estimate of C$2.50 by C$0.18. National Bank of Canada had a return on equity of 14.72% and a net margin of 34.10%. The business had revenue of C$2.98 billion for the quarter, compared to analyst estimates of C$2.95 billion. As a group, research analysts predict that National Bank of Canada will post 10.5085049 EPS for the current year.

Insider Transactions at National Bank of Canada

In other news, Director Yvon Charest purchased 325 shares of the company’s stock in a transaction on Monday, August 19th. The shares were bought at an average price of C$117.24 per share, for a total transaction of C$38,103.00. In other National Bank of Canada news, Director Yvon Charest purchased 325 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was bought at an average price of C$117.24 per share, with a total value of C$38,103.00. Also, Senior Officer Lucie Blanchet sold 8,800 shares of National Bank of Canada stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of C$107.59, for a total transaction of C$946,792.00. Insiders own 0.21% of the company’s stock.

About National Bank of Canada

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.