National Bank of Canada (TSE:NA) Price Target Raised to C$138.00

National Bank of Canada (TSE:NA) had its target price raised by stock analysts at Canaccord Genuity Group from C$136.00 to C$138.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has a “hold” rating on the financial services provider’s stock. Canaccord Genuity Group’s target price suggests a potential upside of 2.61% from the company’s current price.

Other equities research analysts have also recently issued research reports about the company. TD Securities decreased their target price on National Bank of Canada from C$135.00 to C$131.00 and set a “hold” rating for the company in a research note on Wednesday, March 5th. Royal Bank of Canada raised their target price on National Bank of Canada from C$148.00 to C$152.00 and gave the stock a “sector perform” rating in a research note on Monday. Desjardins decreased their target price on National Bank of Canada from C$140.00 to C$136.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. Scotiabank raised National Bank of Canada to a “strong-buy” rating in a research note on Thursday, May 15th. Finally, CIBC raised their target price on National Bank of Canada from C$125.00 to C$127.00 and gave the stock an “underperform” rating in a research note on Thursday, June 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$135.36.

National Bank of Canada Trading Down 0.3%

Shares of NA stock opened at C$134.49 on Monday. The stock has a market cap of C$52.43 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 7.14 and a beta of 1.12. The stock has a 50-day moving average of C$123.01 and a 200-day moving average of C$125.92. National Bank of Canada has a 1-year low of C$105.43 and a 1-year high of C$141.15.

Insider Buying and Selling

In other news, Senior Officer Lucie Blanchet acquired 2,147 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was purchased at an average cost of C$116.28 per share, for a total transaction of C$249,653.16. Also, Director Yvon Charest acquired 362 shares of the business’s stock in a transaction dated Tuesday, May 20th. The stock was purchased at an average price of C$127.93 per share, with a total value of C$46,310.66. Insiders acquired a total of 3,509 shares of company stock worth $413,894 over the last ninety days. 0.21% of the stock is owned by corporate 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.