National Bank of Canada (TSE:NA) PT Lowered to C$100.00 at CIBC

National Bank of Canada (TSE:NA – Get Rating) had its target price cut by stock analysts at CIBC from C$102.00 to C$100.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. CIBC’s target price would suggest a potential upside of 8.74% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Barclays cut their price objective on National Bank of Canada from C$107.00 to C$88.00 and set an “equal weight” rating for the company in a report on Wednesday, May 11th. Cormark upped their target price on National Bank of Canada from C$118.00 to C$123.00 and gave the stock a “buy” rating in a research note on Monday, February 28th. Scotiabank cut their target price on National Bank of Canada from C$119.00 to C$108.00 in a research note on Wednesday, April 13th. BMO Capital Markets upped their target price on National Bank of Canada from C$104.00 to C$108.00 in a research note on Monday, February 28th. Finally, Canaccord Genuity Group upped their target price on National Bank of Canada from C$108.00 to C$109.00 in a research note on Thursday, February 17th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$101.88.

Shares of TSE NA traded up C$1.17 during midday trading on Tuesday, hitting C$91.96. 309,833 shares of the company’s stock were exchanged, compared to its average volume of 1,493,026. National Bank of Canada has a 12-month low of C$87.71 and a 12-month high of C$106.10. The company has a market cap of C$31.11 billion and a price-to-earnings ratio of 9.73. The business’s fifty day moving average price is C$94.69 and its two-hundred day moving average price is C$98.46.

National Bank of Canada (TSE:NA – Get Rating) last issued its quarterly earnings data on Friday, February 25th. The financial services provider reported C$2.65 EPS for the quarter, topping the consensus estimate of C$2.23 by C$0.42. The business had revenue of C$2.47 billion for the quarter. On average, equities research analysts forecast that National Bank of Canada will post 9.6999998 earnings per share for the current year.

In related news, Director Yvon Charest acquired 277 shares of the stock in a transaction on Friday, February 18th. The stock was purchased at an average price of C$103.27 per share, for a total transaction of C$28,605.79. Following the completion of the transaction, the director now owns 14,718 shares of the company’s stock, valued at approximately C$1,519,927.86.

National Bank of Canada Company Profile (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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