National Bank of Canada (TSE:NA) PT Lowered to C$88.00

National Bank of Canada (TSE:NA – Get Rating) had its price target reduced by investment analysts at Barclays to C$88.00 in a research note issued to investors on Wednesday, Stock Target Advisor reports. Barclays‘s price target would suggest a potential downside of 1.30% from the company’s current price.

Several other research firms have also recently issued reports on NA. TD Securities raised their price objective on National Bank of Canada from C$105.00 to C$110.00 in a report on Tuesday, February 15th. CIBC upgraded shares of National Bank of Canada from a “neutral” rating to a “buy” rating and decreased their target price for the company from C$108.00 to C$102.00 in a research note on Monday, April 11th. Canaccord Genuity Group lifted their price objective on National Bank of Canada from C$108.00 to C$109.00 in a report on Thursday, February 17th. BMO Capital Markets increased their price target on shares of National Bank of Canada from C$104.00 to C$108.00 in a research report on Monday, February 28th. Finally, Scotiabank decreased their target price on National Bank of Canada from C$119.00 to C$108.00 in a research report on Wednesday, April 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$102.04.

TSE:NA traded up C$0.07 during trading hours on Wednesday, reaching C$89.16. 252,966 shares of the company traded hands, compared to its average volume of 1,523,297. The firm’s 50-day moving average is C$95.36 and its 200-day moving average is C$98.88. The stock has a market cap of C$30.16 billion and a P/E ratio of 9.44. National Bank of Canada has a 1-year low of C$88.63 and a 1-year high of C$106.10.

National Bank of Canada (TSE:NA – Get Rating) last announced its earnings results on Friday, February 25th. The financial services provider reported C$2.65 earnings per share for the quarter, beating the consensus estimate of C$2.23 by C$0.42. The firm had revenue of C$2.47 billion during the quarter. As a group, sell-side analysts predict that National Bank of Canada will post 9.6999991 EPS for the current year.

In other National Bank of Canada news, Director Yvon Charest bought 277 shares of the stock in a transaction that occurred on Friday, February 18th. The shares were purchased at an average cost of C$103.27 per share, for a total transaction of C$28,605.79. Following the transaction, the director now directly owns 14,718 shares in the company, valued at C$1,519,927.86.

About National Bank of Canada (Get Rating)

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International.

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