BMO Capital Markets Increases National Bank of Canada (TSE:NA) Price Target to C$143.00

National Bank of Canada (TSE:NA) had its target price upped by analysts at BMO Capital Markets from C$125.00 to C$143.00 in a note issued to investors on Monday,BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 5.54% from the stock’s previous close.

Several other brokerages have also weighed in on NA. Cibc World Mkts lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 20th. Jefferies Financial Group upped their price target on National Bank of Canada from C$119.00 to C$126.00 in a research note on Thursday, August 29th. Scotiabank raised their price objective on National Bank of Canada from C$120.00 to C$129.00 in a research note on Thursday, August 29th. Cormark boosted their price objective on National Bank of Canada from C$122.00 to C$128.00 in a report on Thursday, August 29th. Finally, Desjardins increased their target price on National Bank of Canada from C$116.00 to C$118.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$126.36.

National Bank of Canada Stock Performance

Shares of NA stock opened at C$135.50 on Monday. National Bank of Canada has a fifty-two week low of C$87.92 and a fifty-two week high of C$135.53. The stock has a 50 day simple moving average of C$129.92 and a two-hundred day simple moving average of C$119.66. The company has a market cap of C$46.12 billion, a P/E ratio of 13.19, a PEG ratio of 7.14 and a beta of 1.12.

National Bank of Canada (TSE:NA) last announced its quarterly earnings data on Wednesday, August 28th. The financial services provider reported C$2.68 EPS for the quarter, topping the consensus estimate of C$2.50 by C$0.18. National Bank of Canada had a net margin of 34.50% and a return on equity of 15.18%. The company had revenue of C$2.98 billion during the quarter, compared to the consensus estimate of C$2.95 billion. On average, research analysts predict that National Bank of Canada will post 10.8360791 earnings per share for the current year.

Insider Transactions at National Bank of Canada

In other news, Director Yvon Charest bought 285 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were purchased at an average price of C$133.71 per share, with a total value 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.