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

National Bank of Canada (TSE:NA) had its target price boosted by research analysts at Royal Bank of Canada from C$116.00 to C$134.00 in a research note issued on Thursday,BayStreet.CA reports. Royal Bank of Canada’s target price suggests a potential upside of 0.94% from the company’s current price.

Several other brokerages have also weighed in on NA. Cibc World Mkts lowered 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 objective on National Bank of Canada from C$119.00 to C$126.00 in a report on Thursday, August 29th. Canaccord Genuity Group upped their price objective on National Bank of Canada from C$123.00 to C$135.00 in a report on Tuesday, November 19th. Barclays lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Finally, Cormark upped their price objective on National Bank of Canada from C$122.00 to C$128.00 in a report on Thursday, August 29th. One investment 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’s stock. According to data from MarketBeat, National Bank of Canada has an average rating of “Hold” and a consensus price target of C$136.10.

National Bank of Canada Stock Down 1.8 %

Shares of National Bank of Canada stock opened at C$132.75 on Thursday. The firm has a market cap of C$45.19 billion, a price-to-earnings ratio of 12.93, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. The business has a fifty day simple moving average of C$132.61 and a 200-day simple moving average of C$121.64. National Bank of Canada has a fifty-two week low of C$93.31 and a fifty-two week high of C$141.15.

Insider Activity at National Bank of Canada

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