Jefferies Financial Group Forecasts Strong Price Appreciation for National Bank of Canada (TSE:NA) Stock

National Bank of Canada (TSE:NA) had its price target hoisted by analysts at Jefferies Financial Group from C$139.00 to C$157.00 in a research note issued on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s target price would suggest a potential upside of 4.72% from the stock’s previous close.

Several other brokerages also recently commented on NA. CIBC raised their price objective on shares of National Bank of Canada from C$125.00 to C$127.00 and gave the company an “underperform” rating in a research report on Thursday, June 5th. Cibc World Mkts upgraded shares of National Bank of Canada from a “strong sell” rating to a “hold” rating in a research report on Friday, August 1st. Scotiabank upgraded shares of National Bank of Canada to a “strong-buy” rating in a research report on Thursday, May 15th. Canaccord Genuity Group lifted their price target on shares of National Bank of Canada from C$136.00 to C$138.00 and gave the company a “hold” rating in a report on Tuesday, June 24th. Finally, Royal Bank Of Canada lifted their price target on shares of National Bank of Canada from C$148.00 to C$152.00 and gave the company a “sector perform” rating in a report on Monday, June 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, National Bank of Canada currently has an average rating of “Hold” and an average price target of C$140.08.

National Bank of Canada Price Performance

Shares of National Bank of Canada stock opened at C$149.93 on Wednesday. The company’s fifty day simple moving average is C$141.06 and its 200-day simple moving average is C$128.65. The stock has a market capitalization of C$58.45 billion, a PE ratio of 13.30, a P/E/G ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 1-year low of C$106.67 and a 1-year high of C$149.93.

Insider Activity at National Bank of Canada

In other news, Director Yvon Charest acquired 362 shares of National Bank of Canada stock in a transaction that occurred on Tuesday, May 20th. The stock was purchased at an average price 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.

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.