National Bank of Canada (TSE:NA) Given New C$154.00 Price Target at Scotiabank

National Bank of Canada (TSE:NA) had its price target raised by Scotiabank from C$129.00 to C$154.00 in a research note issued to investors on Monday,BayStreet.CA reports.

Several other analysts have also commented on the stock. Jefferies Financial Group lifted their price target on shares of National Bank of Canada from C$119.00 to C$126.00 in a research report on Thursday, August 29th. Cormark lifted their target price on National Bank of Canada from C$122.00 to C$128.00 in a research report on Thursday, August 29th. Cibc World Mkts cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 20th. Barclays downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. Finally, Canaccord Genuity Group upped their target price on shares of National Bank of Canada from C$123.00 to C$135.00 in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$132.40.

National Bank of Canada Stock Up 0.7 %

TSE NA opened at C$138.43 on Monday. The business’s fifty day simple moving average is C$131.32 and its 200-day simple moving average is C$120.68. The firm has a market cap of C$47.12 billion, a PE ratio of 13.48, a P/E/G ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 52 week low of C$87.92 and a 52 week high of C$138.79.

National Bank of Canada (TSE:NA) last issued its 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 company had revenue of C$2.98 billion for the quarter, compared to the consensus estimate of C$2.95 billion. National Bank of Canada had a net margin of 34.50% and a return on equity of 15.18%. Research analysts expect that National Bank of Canada will post 10.8360791 EPS for the current year.

Insider Buying and Selling at National Bank of Canada

In other National Bank of Canada news, Director Yvon Charest bought 285 shares of National Bank of Canada stock in a transaction on Tuesday, November 19th. The shares were bought at an average cost of C$133.71 per share, for a total transaction of C$38,107.35. 0.21% of the stock is currently owned by corporate 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.