National Bank of Canada (TSE:NA) Given a C$123.00 Price Target by UBS Group Analysts

National Bank of Canada (TSE:NA) received a C$123.00 target price from stock analysts at UBS Group in a report issued on Tuesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. UBS Group’s price objective would indicate a potential upside of 11.59% from the company’s previous close.

Several other research firms have also weighed in on NA. Jefferies Financial Group reduced their price objective on National Bank of Canada from C$123.00 to C$121.00 and set a “hold” rating for the company in a research note on Thursday, June 6th. Canaccord Genuity Group lifted their price target on National Bank of Canada from C$109.00 to C$117.00 and gave the stock a “hold” rating in a research note on Thursday, May 30th. Desjardins raised their target price on shares of National Bank of Canada from C$116.00 to C$119.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. Scotiabank cut their price target on shares of National Bank of Canada from C$119.00 to C$116.00 and set a “hold” rating on the stock in a report on Tuesday, June 18th. Finally, TD Securities raised their price objective on shares of National Bank of Canada from C$118.00 to C$121.00 in a research note on Friday, May 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$114.62.

National Bank of Canada Trading Up 0.9 %

Shares of National Bank of Canada stock opened at C$110.22 on Tuesday. National Bank of Canada has a 52 week low of C$84.27 and a 52 week high of C$118.77. The stock has a market cap of C$37.46 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 17.04 and a beta of 1.12. The company’s 50-day moving average price is C$112.71 and its two-hundred day moving average price is C$108.23.

National Bank of Canada (TSE:NA) last released its earnings results on Wednesday, May 29th. The financial services provider reported C$2.54 EPS for the quarter, topping analysts’ consensus estimates of C$2.43 by C$0.11. The business had revenue of C$2.84 billion for the quarter, compared to the consensus estimate of C$2.89 billion. National Bank of Canada had a net margin of 34.22% and a return on equity of 14.73%. On average, equities analysts predict that National Bank of Canada will post 9.8686007 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer Lucie Blanchet sold 8,800 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of C$107.59, for a total value of C$946,792.00. In related news, Director Yvon Charest bought 324 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were bought at an average cost of C$116.20 per share, for a total transaction of C$37,648.80. Also, Senior Officer Lucie Blanchet sold 8,800 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of C$107.59, for a total value of C$946,792.00. Insiders own 0.20% 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.