CIBC Forecasts Strong Price Appreciation for National Bank of Canada (TSE:NA) Stock

National Bank of Canada (TSE:NA) had its price objective lifted by CIBC from C$135.00 to C$141.00 in a research note published on Tuesday morning,BayStreet.CA reports.

NA has been the topic of a number of other research reports. Canaccord Genuity Group upped their target price on National Bank of Canada from C$123.00 to C$135.00 in a research note on Tuesday, November 19th. Scotiabank upped their price objective on National Bank of Canada from C$129.00 to C$154.00 in a research report on Monday. BMO Capital Markets boosted their price target on National Bank of Canada from C$125.00 to C$143.00 in a report on Monday, November 18th. Jefferies Financial Group increased their target price on shares of National Bank of Canada from C$119.00 to C$126.00 in a report on Thursday, August 29th. Finally, Cormark upped their target price on National Bank of Canada from C$122.00 to C$128.00 in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, National Bank of Canada has an average rating of “Hold” and a consensus price target of C$132.40.

National Bank of Canada Stock Performance

Shares of National Bank of Canada stock opened at C$137.92 on Tuesday. The stock has a market cap of C$46.95 billion, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. The stock has a 50 day moving average price of C$131.55 and a 200-day moving average price of C$120.84. National Bank of Canada has a one year low of C$88.22 and a one year high of C$139.18.

National Bank of Canada (TSE:NA) last issued its quarterly earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 EPS for the quarter, beating the consensus estimate 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%. Sell-side analysts predict that National Bank of Canada will post 10.8360791 earnings per share for the current fiscal year.

Insider Buying and Selling

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

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.