National Bank of Canada (TSE:NA) PT Raised to C$123.00 at Canaccord Genuity Group

National Bank of Canada (TSE:NA) had its price objective upped by equities researchers at Canaccord Genuity Group from C$113.00 to C$123.00 in a research note issued to investors on Thursday, BayStreet.CA reports.

Other analysts have also recently issued reports about the company. Cormark lifted their price objective on National Bank of Canada from C$122.00 to C$128.00 in a research report on Thursday. CIBC lifted their price objective on National Bank of Canada from C$122.00 to C$134.00 in a research report on Thursday. Desjardins lifted their price objective on National Bank of Canada from C$116.00 to C$118.00 and gave the company a “hold” rating in a research report on Tuesday, August 6th. Scotiabank boosted their price target on National Bank of Canada from C$120.00 to C$129.00 in a research report on Thursday. Finally, Royal Bank of Canada boosted their price target on National Bank of Canada from C$113.00 to C$116.00 in a research report on Thursday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$121.33.

National Bank of Canada Stock Performance

The firm’s fifty day moving average price is C$113.71 and its 200 day moving average price is C$112.15. The company has a market cap of C$42.03 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of 17.04 and a beta of 1.13. National Bank of Canada has a 12-month low of C$84.27 and a 12-month high of C$127.22.

National Bank of Canada (TSE:NA) last posted its quarterly earnings data on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share for the quarter, beating the consensus estimate of C$2.50 by C$0.18. The business had revenue of C$2.98 billion for the quarter, compared to analysts’ expectations of C$2.95 billion. National Bank of Canada had a return on equity of 15.18% and a net margin of 34.50%. As a group, equities analysts forecast that National Bank of Canada will post 10.4784081 EPS for the current year.

Insider Buying and Selling

In other news, Director Yvon Charest acquired 325 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was bought at an average cost of C$117.24 per share, for a total transaction of C$38,103.00. In related news, Director Yvon Charest bought 325 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was acquired at an average cost of C$117.24 per share, for a total transaction of C$38,103.00. Also, Senior Officer Lucie Blanchet sold 8,800 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of C$107.59, for a total transaction of C$946,792.00. 0.21% of the stock is owned by company insiders.

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.