National Bank of Canada (TSE:NA – Get Free Report) had its price target cut by analysts at Scotiabank from C$123.00 to C$120.00 in a note issued to investors on Monday, BayStreet.CA reports. Scotiabank’s price objective suggests a potential upside of 1.92% from the company’s previous close.
A number of other brokerages have also weighed in on NA. UBS Group set a C$123.00 price objective on National Bank of Canada and gave the company a “buy” rating in a research report on Tuesday, July 2nd. TD Securities raised their price objective on shares of National Bank of Canada from C$121.00 to C$123.00 in a research note on Thursday, August 8th. Cormark upped their price target on shares of National Bank of Canada from C$119.00 to C$120.00 in a report on Thursday, May 30th. BMO Capital Markets reduced their price target on shares of National Bank of Canada from C$121.00 to C$115.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 18th. Finally, Royal Bank of Canada boosted their price objective on shares of National Bank of Canada from C$109.00 to C$113.00 and gave the company a “sector perform” rating in a research report on Thursday, May 30th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$114.85.
Check Out Our Latest Analysis on National Bank of Canada
National Bank of Canada Trading Down 0.1 %
National Bank of Canada (TSE:NA – Get Free Report) last issued its quarterly earnings results on Wednesday, May 29th. The financial services provider reported C$2.54 earnings per share for the quarter, beating the consensus estimate of C$2.43 by C$0.11. National Bank of Canada had a net margin of 34.10% and a return on equity of 14.72%. The business had revenue of C$2.84 billion for the quarter, compared to the consensus estimate of C$2.89 billion. Sell-side analysts predict that National Bank of Canada will post 10.5085049 EPS for the current year.
Insider Transactions at National Bank of Canada
In other news, Director Yvon Charest purchased 325 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was acquired at an average cost of C$117.24 per share, with a total value of C$38,103.00. In other National Bank of Canada news, Director Yvon Charest purchased 325 shares of National Bank of Canada stock in a transaction dated Monday, August 19th. The shares were acquired at an average cost of C$117.24 per share, with a total value of C$38,103.00. Also, Senior Officer Lucie Blanchet sold 8,800 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of C$107.59, for a total value of C$946,792.00. Corporate 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.
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