National Bank of Canada (TSE:NA) Price Target Raised to C$145.00

National Bank of Canada (TSE:NA) had its target price boosted by Royal Bank of Canada from C$134.00 to C$145.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the financial services provider’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 9.21% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. Canaccord Genuity Group upped their target price on shares of National Bank of Canada from C$135.00 to C$142.00 in a report on Thursday, December 5th. Cormark dropped their target price on National Bank of Canada from C$145.00 to C$142.00 in a report on Thursday, December 5th. Cibc World Mkts downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 20th. BMO Capital Markets raised their price objective on National Bank of Canada from C$125.00 to C$143.00 in a research note on Monday, November 18th. Finally, CIBC upped their target price on shares of National Bank of Canada from C$135.00 to C$141.00 in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$137.20.

National Bank of Canada Trading Up 0.4 %

NA opened at C$132.77 on Wednesday. The company has a fifty day moving average price of C$133.97 and a two-hundred day moving average price of C$124.77. National Bank of Canada has a 1-year low of C$98.04 and a 1-year high of C$141.15. The company has a market cap of C$45.19 billion, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12.

Insider Transactions at National Bank of Canada

In related news, Senior Officer Brigitte Hébert sold 400 shares of the company’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of C$132.46, for a total transaction of C$52,984.00. Also, Director Yvon Charest acquired 285 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was purchased at an average price of C$133.71 per share, for a total transaction of C$38,107.35. Company insiders own 0.21% of the company’s stock.

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.