National Bank of Canada (TSE:NA) Price Target Raised to C$145.00

National Bank of Canada (TSE:NA) had its price target lifted by equities research analysts at Royal Bank of Canada from C$134.00 to C$145.00 in a report issued on Wednesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the financial services provider’s stock. Royal Bank of Canada’s price objective would suggest a potential upside of 9.38% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on NA. BMO Capital Markets boosted their price objective on shares of National Bank of Canada from C$125.00 to C$143.00 in a research report on Monday, November 18th. Canaccord Genuity Group boosted their price target on National Bank of Canada from C$135.00 to C$142.00 in a report on Thursday, December 5th. CIBC raised their price objective on National Bank of Canada from C$135.00 to C$141.00 in a report on Tuesday, November 26th. Scotiabank increased their price target on National Bank of Canada from C$129.00 to C$154.00 in a research report on Monday, November 25th. Finally, Cibc World Mkts downgraded 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 issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$137.20.

National Bank of Canada Stock Performance

NA stock traded up C$0.79 during midday trading on Wednesday, reaching C$132.56. The company’s stock had a trading volume of 431,015 shares, compared to its average volume of 1,603,101. National Bank of Canada has a 1 year low of C$98.04 and a 1 year high of C$141.15. The firm has a market capitalization of C$45.12 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 7.14 and a beta of 1.12. The stock has a fifty day simple moving average of C$134.02 and a two-hundred day simple moving average of C$124.53.

Insider Buying and Selling

In related news, Senior Officer Brigitte Hébert sold 400 shares of the business’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of C$132.46, for a total transaction of C$52,984.00. Also, Director Yvon Charest purchased 285 shares of the firm’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 company insiders.

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.