National Bank of Canada (TSE:NA) Price Target Raised to C$141.00 at CIBC

National Bank of Canada (TSE:NA) had its target price raised by CIBC from C$135.00 to C$141.00 in a report published on Tuesday morning,BayStreet.CA reports.

NA has been the topic of a number of other research reports. Cormark boosted their target price on shares of National Bank of Canada from C$122.00 to C$128.00 in a research report on Thursday, August 29th. Jefferies Financial Group upped their price objective on shares of National Bank of Canada from C$119.00 to C$126.00 in a report on Thursday, August 29th. BMO Capital Markets raised their target price on National Bank of Canada from C$125.00 to C$143.00 in a research note on Monday, November 18th. Canaccord Genuity Group boosted their target price on National Bank of Canada from C$123.00 to C$135.00 in a research report on Tuesday, November 19th. Finally, Cibc World Mkts lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 20th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$132.40.

National Bank of Canada Price Performance

Shares of TSE:NA opened at C$137.43 on Tuesday. National Bank of Canada has a 1 year low of C$87.92 and a 1 year high of C$138.79. The business’s 50-day moving average is C$131.10 and its 200-day moving average is C$120.55. The company has a market capitalization of C$46.78 billion, a price-to-earnings ratio of 13.38, a P/E/G ratio of 7.14 and a beta of 1.12.

National Bank of Canada (TSE:NA) last issued its earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share for the quarter, topping 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 the consensus estimate of C$2.95 billion. National Bank of Canada had a return on equity of 15.18% and a net margin of 34.50%. Analysts anticipate that National Bank of Canada will post 10.8360791 EPS for the current year.

Insider Activity

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