National Bank of Canada (TSE:NA) PT Raised to C$116.00

National Bank of Canada (TSE:NA) had its price objective hoisted by equities researchers at Desjardins from C$109.00 to C$116.00 in a research note issued to investors on Monday, BayStreet.CA reports. The firm currently has a “hold” rating on the financial services provider’s stock. Desjardins’ price target points to a potential upside of 2.10% from the company’s current price.

Several other analysts also recently issued reports on the stock. Jefferies Financial Group boosted their target price on shares of National Bank of Canada from C$109.00 to C$113.00 and gave the company a “hold” rating in a research note on Thursday, February 29th. Canaccord Genuity Group raised their price objective on National Bank of Canada from C$107.00 to C$108.00 and gave the stock a “hold” rating in a research report on Thursday, February 29th. Royal Bank of Canada upped their target price on National Bank of Canada from C$105.00 to C$109.00 and gave the company a “sector perform” rating in a report on Thursday, February 29th. Veritas Investment Research restated a “reduce” rating on shares of National Bank of Canada in a report on Thursday, February 29th. Finally, CIBC dropped their price objective on shares of National Bank of Canada from C$110.00 to C$109.00 and set an “outperform” rating on the stock in a research note on Friday, March 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$108.58.

National Bank of Canada Stock Down 0.5 %

Shares of National Bank of Canada stock opened at C$113.61 on Monday. National Bank of Canada has a 12-month low of C$84.27 and a 12-month high of C$115.14. The firm has a market capitalization of C$38.61 billion, a PE ratio of 11.96, a price-to-earnings-growth ratio of 17.04 and a beta of 1.12. The stock’s fifty day moving average is C$111.47 and its 200-day moving average is C$101.89.

National Bank of Canada (TSE:NA) last announced its earnings results on Wednesday, February 28th. The financial services provider reported C$2.59 EPS for the quarter, topping the consensus estimate of C$2.38 by C$0.21. National Bank of Canada had a net margin of 34.22% and a return on equity of 14.73%. The company had revenue of C$2.71 billion during the quarter, compared to analysts’ expectations of C$2.72 billion. Analysts expect that National Bank of Canada will post 9.848222 EPS for the current year.

Insider Transactions at National Bank of Canada

In related news, Director Yvon Charest bought 331 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was purchased at an average price of C$103.19 per share, with a total value of C$34,155.89. 0.20% of the stock is currently owned by corporate 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.