Barclays Issues Positive Forecast for National Bank of Canada (TSE:NA) Stock Price

Key Points

• Barclays has raised the price target for National Bank of Canada (TSE:NA) from C$141.00 to C$147.00, maintaining an "equal weight" rating on the stock.
• National Bank of Canada's stock is currently trading at C$149.42, up by 0.2%, with a market capitalization of C$58.26 billion.
• Analyst ratings on the stock include one sell, eight hold, one buy, and one strong buy, reflecting a consensus hold rating with an average target price of C$140.08.

National Bank of Canada (TSE:NA - Get Free Report) had its price target raised by investment analysts at Barclays from C$141.00 to C$147.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm currently has an "equal weight" rating on the financial services provider's stock. Barclays's price target would indicate a potential downside of 1.62% from the stock's previous close.

Other equities analysts have also recently issued reports about the stock. Canaccord Genuity Group upped their price objective on shares of National Bank of Canada from C$136.00 to C$138.00 and gave the stock a "hold" rating in a research report on Tuesday, June 24th. Scotiabank upgraded shares of National Bank of Canada to a "strong-buy" rating in a research report on Thursday, May 15th. Cibc World Mkts upgraded shares of National Bank of Canada from a "strong sell" rating to a "hold" rating in a research report on Friday, August 1st. Royal Bank Of Canada upped their price objective on shares of National Bank of Canada from C$148.00 to C$152.00 and gave the stock a "sector perform" rating in a research report on Monday, June 9th. Finally, CIBC upped their price objective on shares of National Bank of Canada from C$125.00 to C$127.00 and gave the stock an "underperform" rating in a research report on Thursday, June 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of C$140.08.

National Bank of Canada Stock Up 0.2%

Shares of TSE NA traded up C$0.33 during midday trading on Thursday, reaching C$149.42. 299,214 shares of the stock were exchanged, compared to its average volume of 1,833,946. The firm has a market cap of C$58.26 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 7.14 and a beta of 1.12. National Bank of Canada has a twelve month low of C$106.67 and a twelve month high of C$149.72. The firm has a 50-day simple moving average of C$140.74 and a two-hundred day simple moving average of C$128.51.

Insider Transactions at National Bank of Canada

In related news, Director Yvon Charest acquired 362 shares of National Bank of Canada stock in a transaction that occurred on Tuesday, May 20th. The shares were purchased at an average cost of C$127.93 per share, for a total transaction of C$46,310.66. Company insiders own 0.21% of the company's stock.

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.

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