Canaccord Genuity Group Increases National Bank of Canada (TSE:NA) Price Target to C$135.00

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

A number of other equities research analysts have also recently issued reports on the company. Royal Bank of Canada upped their price objective on National Bank of Canada from C$113.00 to C$116.00 in a research note on Thursday, August 29th. Jefferies Financial Group boosted their price objective on shares of National Bank of Canada from C$119.00 to C$126.00 in a research note on Thursday, August 29th. CIBC downgraded shares of National Bank of Canada from an “outperform” rating to a “neutral” rating in a research note on Friday, September 20th. Cibc World Mkts downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th. Finally, Desjardins boosted 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 equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$126.36.

National Bank of Canada Trading Up 1.2 %

National Bank of Canada stock opened at C$137.09 on Tuesday. The firm has a market capitalization of C$46.66 billion, a P/E ratio of 13.35, a PEG ratio of 7.14 and a beta of 1.12. The business has a 50-day moving average of C$130.20 and a 200-day moving average of C$119.78. National Bank of Canada has a 1 year low of C$87.92 and a 1 year high of C$137.22.

National Bank of Canada (TSE:NA) last released its quarterly earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.50 by C$0.18. The firm had revenue of C$2.98 billion for the quarter, compared to the consensus estimate of C$2.95 billion. National Bank of Canada had a return on equity of 15.18% and a net margin of 34.50%. Research analysts anticipate that National Bank of Canada will post 10.8360791 EPS for the current fiscal year.

Insider Activity

In other National Bank of Canada news, Director Yvon Charest purchased 285 shares of the stock in a transaction dated Tuesday, November 19th. The shares were bought at an average price of C$133.71 per share, with a total value of C$38,107.35. Insiders own 0.21% of the company’s stock.

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.