National Bank of Canada (TSE:NA) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

National Bank of Canada (TSE:NAGet Free Report) had its price objective upped by stock analysts at Canaccord Genuity Group from C$136.00 to C$138.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the financial services provider’s stock. Canaccord Genuity Group’s price target suggests a potential upside of 0.31% from the company’s current price.

Several other equities analysts have also recently commented on the company. UBS Group reduced their target price on National Bank of Canada from C$145.00 to C$140.00 in a research note on Friday, February 28th. Jefferies Financial Group lowered shares of National Bank of Canada from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$147.00 to C$126.00 in a report on Monday, April 21st. Cibc World Mkts downgraded shares of National Bank of Canada from a “hold” rating to a “strong sell” rating in a research report on Friday, April 4th. Cormark cut their target price on shares of National Bank of Canada from C$139.00 to C$137.00 in a research note on Thursday, February 27th. Finally, CIBC lifted their price target 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 research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$135.36.

View Our Latest Analysis on NA

National Bank of Canada Trading Up 0.2%

Shares of NA opened at C$137.58 on Tuesday. The company has a market cap of C$53.64 billion, a P/E ratio of 12.20, a P/E/G ratio of 7.14 and a beta of 1.12. The company’s fifty day simple moving average is C$128.23 and its 200-day simple moving average is C$125.88. National Bank of Canada has a twelve month low of C$106.67 and a twelve month high of C$141.15.

Insider Transactions at National Bank of Canada

In related news, Director Yvon Charest acquired 362 shares of the firm’s stock in a transaction that occurred on Tuesday, May 20th. The shares were bought at an average cost of C$127.93 per share, for a total transaction of C$46,310.66. 0.21% of the stock is currently owned by company insiders.

About National Bank of Canada

(Get Free Report)

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.

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Analyst Recommendations for National Bank of Canada (TSE:NA)

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