Canaccord Genuity Group Forecasts Strong Price Appreciation for National Bank of Canada (TSE:NA) Stock

National Bank of Canada (TSE:NA) had its price target boosted by investment analysts at Canaccord Genuity Group from C$135.00 to C$142.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Canaccord Genuity Group’s price target would indicate a potential upside of 6.97% from the stock’s current price.

A number of other analysts also recently weighed in on the company. TD Securities decreased their price objective on National Bank of Canada from C$140.00 to C$138.00 in a report on Thursday. Barclays downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. BMO Capital Markets upped their price target on shares of National Bank of Canada from C$125.00 to C$143.00 in a research report on Monday, November 18th. Cibc World Mkts cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th. Finally, Scotiabank upped their price target on shares of National Bank of Canada from C$129.00 to C$154.00 in a research report on Monday, November 25th. 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$136.10.

National Bank of Canada Stock Down 1.8 %

TSE NA opened at C$132.75 on Thursday. The company has a market capitalization of C$45.19 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 7.14 and a beta of 1.12. National Bank of Canada has a twelve month low of C$93.31 and a twelve month high of C$141.15. The stock has a fifty day simple moving average of C$132.61 and a 200 day simple moving average of C$121.64.

Insider Transactions at National Bank of Canada

In related news, Director Yvon Charest acquired 285 shares of the business’s 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.

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.