National Bank of Canada (TSE:NA) Given New C$141.00 Price Target at CIBC

National Bank of Canada (TSE:NA) had its price objective hoisted by equities researchers at CIBC from C$135.00 to C$141.00 in a research report issued on Tuesday,BayStreet.CA reports. CIBC’s price objective points to a potential upside of 1.86% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. Scotiabank increased their price objective on shares of National Bank of Canada from C$129.00 to C$154.00 in a research report on Monday. Royal Bank of Canada boosted their price objective on shares of National Bank of Canada from C$113.00 to C$116.00 in a report on Thursday, August 29th. Cibc World Mkts cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th. BMO Capital Markets upped their target price on National Bank of Canada from C$125.00 to C$143.00 in a research report on Monday, November 18th. Finally, TD Securities increased their price objective on shares of National Bank of Canada from C$129.00 to C$140.00 in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, National Bank of Canada presently has an average rating of “Hold” and an average target price of C$132.40.

National Bank of Canada Trading Up 0.7 %

NA stock opened at C$138.43 on Tuesday. The company has a market cap of C$47.12 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. The stock has a 50-day moving average price of C$131.32 and a two-hundred day moving average price of C$120.68. National Bank of Canada has a 12-month low of C$87.92 and a 12-month high of C$138.79.

National Bank of Canada (TSE:NA) last issued its 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 business had revenue of C$2.98 billion during the quarter, compared to analysts’ expectations of C$2.95 billion. Equities analysts forecast that National Bank of Canada will post 10.8360791 EPS for the current fiscal year.

Insider Transactions at National Bank of Canada

In related news, Director Yvon Charest bought 285 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were bought at an average cost of C$133.71 per share, for a total transaction of C$38,107.35. Insiders own 0.21% of the company’s stock.

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.