National Bank of Canada (NA) to Release Quarterly Earnings on Wednesday

National Bank of Canada (TSE:NA) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, December 4th. Analysts expect the company to announce earnings of C$2.53 per share for the quarter.

National Bank of Canada Stock Performance

Shares of TSE:NA opened at C$138.71 on Monday. National Bank of Canada has a 52-week low of C$88.71 and a 52-week high of C$139.20. The company has a market cap of C$47.21 billion, a P/E ratio of 13.51, a P/E/G ratio of 7.14 and a beta of 1.12. The stock’s 50-day moving average is C$131.77 and its 200-day moving average is C$121.10.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NA. Cibc World Mkts cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 20th. Desjardins lifted their target price on shares of National Bank of Canada from C$116.00 to C$118.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. CIBC increased their target price on National Bank of Canada from C$135.00 to C$141.00 in a report on Tuesday, November 26th. Jefferies Financial Group lifted their price target on National Bank of Canada from C$119.00 to C$126.00 in a report on Thursday, August 29th. Finally, BMO Capital Markets increased their price objective on shares of National Bank of Canada from C$125.00 to C$143.00 in a report on Monday, November 18th. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$132.40.

Insider Activity at National Bank of Canada

In other National Bank of Canada news, Director Yvon Charest purchased 285 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was acquired at an average price of C$133.71 per share, with a total value of C$38,107.35. 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.