National Bank of Canada (TSE:NA) Given New C$135.00 Price Target at Canaccord Genuity Group

National Bank of Canada (TSE:NA) had its price objective upped by research analysts at Canaccord Genuity Group from C$123.00 to C$135.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Canaccord Genuity Group’s target price points to a potential downside of 1.52% from the company’s previous close.

A number of other equities research analysts have also commented on NA. Jefferies Financial Group upped their price target on shares of National Bank of Canada from C$119.00 to C$126.00 in a report on Thursday, August 29th. Royal Bank of Canada raised their target price on National Bank of Canada from C$113.00 to C$116.00 in a research note on Thursday, August 29th. Scotiabank upped their price target on National Bank of Canada from C$120.00 to C$129.00 in a research report on Thursday, August 29th. TD Securities increased their price objective on National Bank of Canada from C$129.00 to C$140.00 in a report on Friday, November 15th. Finally, Desjardins boosted their target price 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. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$126.36.

National Bank of Canada Stock Performance

Shares of National Bank of Canada stock opened at C$137.09 on Tuesday. The stock has a market capitalization of C$46.66 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. The company has a fifty day moving average of C$130.20 and a 200-day moving average of C$119.78. National Bank of Canada has a 52-week low of C$87.92 and a 52-week high of C$137.22.

National Bank of Canada (TSE:NA) last released its earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share for the quarter, beating 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 company had revenue of C$2.98 billion during the quarter, compared to analyst estimates of C$2.95 billion. On average, equities research analysts forecast that National Bank of Canada will post 10.8360791 earnings per share for the current fiscal year.

Insider Activity

In other National Bank of Canada news, Director Yvon Charest acquired 285 shares of the stock in a transaction dated Tuesday, November 19th. The shares were purchased at an average price of C$133.71 per share, for a total transaction of C$38,107.35. 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.