National Bank of Canada (TSE:NA – Get Free Report) was downgraded by research analysts at CIBC from an “outperform” rating to a “neutral” rating in a research note issued to investors on Friday, BayStreet.CA reports.
NA has been the subject of a number of other reports. Scotiabank boosted their price objective on shares of National Bank of Canada from C$120.00 to C$129.00 in a report on Thursday, August 29th. Canaccord Genuity Group boosted their target price on National Bank of Canada from C$113.00 to C$123.00 in a research report on Thursday, August 29th. Royal Bank of Canada upped their target price on shares of National Bank of Canada from C$113.00 to C$116.00 in a research note on Thursday, August 29th. TD Securities boosted their price objective on shares of National Bank of Canada from C$123.00 to C$129.00 in a report on Thursday, August 29th. Finally, Desjardins raised their target price on shares of 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 analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, National Bank of Canada presently has a consensus rating of “Hold” and an average price target of C$122.64.
Get Our Latest Stock Report on NA
National Bank of Canada Price Performance
National Bank of Canada (TSE:NA – Get Free Report) last issued its quarterly earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of C$2.95 billion. Equities research analysts expect that National Bank of Canada will post 10.7004292 earnings per share for the current fiscal year.
Insider Activity
In other National Bank of Canada news, Director Yvon Charest bought 325 shares of National Bank of Canada stock in a transaction dated Monday, August 19th. The shares were purchased at an average cost of C$117.24 per share, for a total transaction of C$38,103.00. Corporate insiders own 0.20% 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.
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