National Bank of Canada (TSE:NA) PT Raised to C$129.00 at Scotiabank

National Bank of Canada (TSE:NA) had its target price boosted by equities research analysts at Scotiabank from C$120.00 to C$129.00 in a research report issued on Thursday, BayStreet.CA reports.

NA has been the subject of a number of other research reports. Desjardins lifted their target price on National Bank of Canada from C$116.00 to C$118.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. Canaccord Genuity Group upped their target price 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. Royal Bank of Canada boosted their price objective on National Bank of Canada from C$109.00 to C$113.00 and gave the company a “sector perform” rating in a research report on Thursday, May 30th. CIBC lowered their price objective on National Bank of Canada from C$124.00 to C$122.00 and set an “outperform” rating for the company in a research report on Tuesday, August 20th. Finally, Cormark upped their target price on National Bank of Canada from C$121.00 to C$122.00 and gave the company a “market perform” rating in a report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$121.33.

National Bank of Canada Price Performance

The stock has a market cap of C$42.03 billion, a price-to-earnings ratio of 12.02, a P/E/G ratio of 17.04 and a beta of 1.13. The company has a 50 day moving average of C$113.71 and a two-hundred day moving average of C$112.15. 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 announced its earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.50 by C$0.18. National Bank of Canada had a return on equity of 15.18% and a net margin of 34.50%. The firm had revenue of C$2.98 billion during the quarter, compared to analyst estimates of C$2.95 billion. As a group, research analysts anticipate that National Bank of Canada will post 10.4784081 EPS for the current fiscal year.

Insider Transactions at National Bank of Canada

In related news, Director Yvon Charest bought 325 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were purchased at an average cost of C$117.24 per share, with a total value of C$38,103.00. In other news, Senior Officer Lucie Blanchet sold 8,800 shares of the firm’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. Also, Director Yvon Charest acquired 325 shares of the firm’s stock in a transaction dated 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. 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.