Jefferies Financial Group Increases National Bank of Canada (TSE:NA) Price Target to C$126.00

National Bank of Canada (TSE:NA) had its price target raised by analysts at Jefferies Financial Group from C$119.00 to C$126.00 in a note issued to investors on Thursday, BayStreet.CA reports.

Several other research firms have also issued reports on NA. CIBC lowered their target price on shares of National Bank of Canada from C$124.00 to C$122.00 and set an “outperform” rating for the company in a report on Tuesday, August 20th. BMO Capital Markets lowered their target price on shares of National Bank of Canada from C$121.00 to C$115.00 and set an “outperform” rating for the company in a report on Tuesday, June 18th. Scotiabank raised their target price on shares of National Bank of Canada from C$120.00 to C$129.00 in a report on Thursday. Royal Bank of Canada raised their target price on shares of National Bank of Canada from C$113.00 to C$116.00 in a report on Thursday. Finally, TD Securities raised their target price on shares of National Bank of Canada from C$123.00 to C$129.00 in a report on Thursday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$121.33.

National Bank of Canada Price Performance

National Bank of Canada has a 52 week low of C$84.27 and a 52 week high of C$127.22. The stock has a market cap of C$42.03 billion, a PE ratio of 12.02, a P/E/G ratio of 17.04 and a beta of 1.13. The business has a 50 day simple moving average of C$113.71 and a two-hundred day simple moving average of C$112.15.

National Bank of Canada (TSE:NA) last issued its quarterly earnings data on Wednesday, August 28th. The financial services provider reported C$2.68 EPS for the quarter, topping analysts’ consensus estimates of C$2.50 by C$0.18. The business had revenue of C$2.98 billion during the quarter, compared to analysts’ expectations of C$2.95 billion. National Bank of Canada had a net margin of 34.50% and a return on equity of 15.18%. On average, equities research analysts forecast that National Bank of Canada will post 10.4784081 earnings per share for the current year.

Insider Activity

In other news, Director Yvon Charest acquired 325 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were purchased at an average price of C$117.24 per share, with a total value of C$38,103.00. In other news, Senior Officer Lucie Blanchet sold 8,800 shares of National Bank of Canada stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of C$107.59, for a total value of C$946,792.00. Also, Director Yvon Charest acquired 325 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was purchased at an average cost of C$117.24 per share, for a total transaction of C$38,103.00. 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.