National Bank of Canada (TSE:NA) Stock Price Expected to Rise, Scotiabank Analyst Says

National Bank of Canada (TSE:NA) had its target price boosted by Scotiabank from C$129.00 to C$154.00 in a research report issued on Monday,BayStreet.CA reports. Scotiabank’s price target suggests a potential upside of 12.06% from the company’s current price.

NA has been the subject of several other reports. CIBC lowered National Bank of Canada from an “outperform” rating to a “neutral” rating in a research note on Friday, September 20th. BMO Capital Markets upped their price objective on National Bank of Canada from C$125.00 to C$143.00 in a research note on Monday, November 18th. Barclays lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Jefferies Financial Group upped their price objective on National Bank of Canada from C$119.00 to C$126.00 in a research note on Thursday, August 29th. Finally, Desjardins upped their price objective on National Bank of Canada from C$116.00 to C$118.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$132.40.

National Bank of Canada Trading Up 0.0 %

Shares of NA opened at C$137.43 on Monday. The firm has a market cap of C$46.78 billion, a PE ratio of 13.38, a P/E/G ratio of 7.14 and a beta of 1.12. The firm has a fifty day simple moving average of C$131.10 and a two-hundred day simple moving average of C$120.55. National Bank of Canada has a 1-year low of C$87.92 and a 1-year high of C$138.79.

National Bank of Canada (TSE:NA) last announced 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. The business had revenue of C$2.98 billion during the quarter, compared to analyst estimates of C$2.95 billion. National Bank of Canada had a net margin of 34.50% and a return on equity of 15.18%. As a group, research analysts forecast that National Bank of Canada will post 10.8360791 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Yvon Charest acquired 285 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was acquired at an average price of C$133.71 per share, with a total value of C$38,107.35. 0.21% of the stock is currently owned by insiders.

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.