Royal Bank of Canada Increases National Bank of Canada (TSE:NA) Price Target to C$116.00

National Bank of Canada (TSE:NA) had its target price lifted by investment analysts at Royal Bank of Canada from C$113.00 to C$116.00 in a research note issued to investors on Thursday, BayStreet.CA reports.

A number of other research analysts have also issued reports on the company. Cormark boosted their price target on National Bank of Canada from C$121.00 to C$122.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 20th. Desjardins boosted their price objective on National Bank of Canada from C$116.00 to C$118.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. TD Securities boosted their price objective on National Bank of Canada from C$123.00 to C$129.00 in a research note on Thursday. Scotiabank boosted their price objective on National Bank of Canada from C$120.00 to C$129.00 in a research note on Thursday. Finally, Jefferies Financial Group dropped their price objective on National Bank of Canada from C$121.00 to C$119.00 and set a “hold” rating on the stock in a research note on Monday, August 12th. One 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$121.33.

National Bank of Canada Price Performance

National Bank of Canada has a 12-month low of C$84.27 and a 12-month high of C$127.22. The stock’s 50-day simple moving average is C$113.71 and its two-hundred day simple moving average is C$112.15. The firm has a market cap of C$42.03 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 17.04 and a beta of 1.13.

National Bank of Canada (TSE:NA) last announced its quarterly earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of C$2.98 billion during the quarter, compared to analyst estimates of C$2.95 billion. As a group, analysts predict that National Bank of Canada will post 10.4784081 EPS for the current year.

Insider Transactions at National Bank of Canada

In other news, Senior Officer Lucie Blanchet sold 8,800 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of C$107.59, for a total transaction of C$946,792.00. In other National Bank of Canada news, Director Yvon Charest purchased 325 shares of the company’s stock in a transaction that occurred on 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. Also, Senior Officer Lucie Blanchet sold 8,800 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of C$107.59, for a total value of C$946,792.00. 0.21% of the stock is owned by 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.