National Bank of Canada (TSE:NA - Get Free Report) had its price target upped by Jefferies Financial Group from C$139.00 to C$157.00 in a note issued to investors on Wednesday,BayStreet.CA reports. Jefferies Financial Group's target price indicates a potential upside of 5.34% from the stock's current price.
Other analysts have also recently issued research reports about the stock. Cibc World Mkts raised shares of National Bank of Canada from a "strong sell" rating to a "hold" rating in a report on Friday, August 1st. CIBC increased 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 report on Thursday, June 5th. Canaccord Genuity Group increased 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 report on Tuesday, June 24th. Scotiabank raised shares of National Bank of Canada to a "strong-buy" rating in a report on Thursday, May 15th. Finally, Royal Bank Of Canada increased 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 report on Monday, June 9th. 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of C$139.45.
Read Our Latest Stock Analysis on NA
National Bank of Canada Stock Up 0.6%
Shares of TSE:NA traded up C$0.95 on Wednesday, reaching C$149.04. 384,880 shares of the company's stock were exchanged, compared to its average volume of 1,836,370. The firm has a market capitalization of C$58.11 billion, a price-to-earnings ratio of 13.22, a PEG ratio of 7.14 and a beta of 1.12. National Bank of Canada has a fifty-two week low of C$106.67 and a fifty-two week high of C$149.72. The business's 50-day moving average is C$140.44 and its two-hundred day moving average is C$128.37.
Insider Activity
In related news, Director Yvon Charest purchased 362 shares of National Bank of Canada stock in a transaction dated Tuesday, May 20th. The stock was acquired at an average cost of C$127.93 per share, with a total value of C$46,310.66. 0.21% of the stock is owned by company insiders.
National Bank of Canada Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider National Bank of Canada, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and National Bank of Canada wasn't on the list.
While National Bank of Canada currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access