National Bank of Canada (TSE:NA) Price Target Raised to C$140.00

National Bank of Canada (TSE:NA) had its price target boosted by analysts at TD Securities from C$129.00 to C$140.00 in a note issued to investors on Friday,BayStreet.CA reports. TD Securities’ target price suggests a potential upside of 5.11% from the company’s previous close.

NA has been the subject of several other research reports. CIBC cut National Bank of Canada from an “outperform” rating to a “neutral” rating in a report on Friday, September 20th. Cormark boosted their price objective on shares of National Bank of Canada from C$122.00 to C$128.00 in a research report on Thursday, August 29th. Scotiabank boosted their target price on shares of National Bank of Canada from C$120.00 to C$129.00 in a research note on Thursday, August 29th. BMO Capital Markets boosted their price objective on shares of National Bank of Canada from C$115.00 to C$125.00 in a research note on Thursday, August 29th. Finally, Royal Bank of Canada boosted their price objective on shares of National Bank of Canada from C$113.00 to C$116.00 in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, National Bank of Canada has a consensus rating of “Hold” and a consensus price target of C$123.64.

National Bank of Canada Stock Performance

Shares of National Bank of Canada stock traded down C$0.02 during trading on Friday, reaching C$133.19. The company’s stock had a trading volume of 360,679 shares, compared to its average volume of 1,732,711. The business’s fifty day moving average price is C$129.51 and its 200-day moving average price is C$119.30. The firm has a market cap of C$45.34 billion, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. National Bank of Canada has a one year low of C$87.92 and a one year high of C$135.00.

National Bank of Canada (TSE:NA) last released its quarterly earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 EPS for the quarter, topping analysts’ consensus estimates of C$2.50 by C$0.18. The business had revenue of C$2.98 billion for the quarter, compared to analyst estimates of C$2.95 billion. National Bank of Canada had a return on equity of 15.18% and a net margin of 34.50%. Sell-side analysts anticipate that National Bank of Canada will post 10.8360791 EPS for the current year.

Insider Transactions at National Bank of Canada

In other National Bank of Canada news, Director Yvon Charest bought 325 shares of the business’s stock in a transaction on Monday, August 19th. The shares were acquired at an average price of C$117.24 per share, with a total value of C$38,103.00. 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.