Royal Bank of Canada Forecasts Strong Price Appreciation for National Bank of Canada (TSE:NA) Stock

National Bank of Canada (TSE:NA) had its price objective increased by investment analysts at Royal Bank of Canada from C$134.00 to C$145.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the financial services provider’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 9.21% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Barclays lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. Scotiabank boosted their price objective on shares of National Bank of Canada from C$129.00 to C$154.00 in a report on Monday, November 25th. Canaccord Genuity Group increased their target price on shares of National Bank of Canada from C$135.00 to C$142.00 in a research note on Thursday, December 5th. Cormark lowered their price target on National Bank of Canada from C$145.00 to C$142.00 in a research note on Thursday, December 5th. Finally, CIBC upped their price target on National Bank of Canada from C$135.00 to C$141.00 in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of C$137.20.

National Bank of Canada Stock Up 0.4 %

NA opened at C$132.77 on Wednesday. The stock’s 50 day moving average price is C$133.97 and its two-hundred day moving average price is C$124.77. The firm has a market capitalization of C$45.19 billion, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 12-month low of C$98.04 and a 12-month high of C$141.15.

Insider Buying and Selling at National Bank of Canada

In other National Bank of Canada news, Director Yvon Charest bought 285 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was bought at an average price of C$133.71 per share, for a total transaction of C$38,107.35. Also, insider Marie-Chantal Gingras sold 600 shares of the stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of C$132.79, for a total value of C$79,674.00. Company 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.