National Bank of Canada (TSE:NA) PT Lowered to C$122.00 at CIBC

National Bank of Canada (TSE:NA) had its price objective cut by investment analysts at CIBC from C$124.00 to C$122.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the financial services provider’s stock. CIBC’s price objective would indicate a potential upside of 2.99% from the company’s current price.

Other research analysts have also recently issued research reports about the stock. TD Securities lifted their price objective on shares of National Bank of Canada from C$121.00 to C$123.00 in a report on Thursday, August 8th. Canaccord Genuity Group upped their price objective on National Bank of Canada from C$109.00 to C$117.00 and gave the stock a “hold” rating in a research report on Thursday, May 30th. Desjardins increased their price objective on National Bank of Canada from C$116.00 to C$118.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Cormark upped their price target on National Bank of Canada from C$121.00 to C$122.00 and gave the stock a “market perform” rating in a report on Tuesday. Finally, BMO Capital Markets reduced their price target on National Bank of Canada from C$121.00 to C$115.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$116.42.

National Bank of Canada Stock Up 0.6 %

TSE:NA opened at C$118.46 on Tuesday. National Bank of Canada has a 52 week low of C$84.27 and a 52 week high of C$118.83. The stock’s fifty day moving average is C$111.94 and its two-hundred day moving average is C$111.39. The stock has a market capitalization of C$41.34 billion, a price-to-earnings ratio of 12.21, a price-to-earnings-growth ratio of 17.04 and a beta of 1.13.

National Bank of Canada (TSE:NA) last announced its earnings results on Wednesday, May 29th. The financial services provider reported C$2.54 EPS for the quarter, beating analysts’ consensus estimates of C$2.43 by C$0.11. The company had revenue of C$2.84 billion during the quarter, compared to analysts’ expectations of C$2.89 billion. National Bank of Canada had a return on equity of 14.72% and a net margin of 34.10%. On average, sell-side analysts expect that National Bank of Canada will post 10.5085049 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Yvon Charest bought 325 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were purchased at an average cost of C$117.24 per share, with a total value of C$38,103.00. In other news, Director Yvon Charest bought 325 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was purchased 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 National Bank of Canada stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of C$107.59, for a total value of C$946,792.00. 0.21% of the stock is owned by company insiders.

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.