National Bank of Canada (TSE:NA) Price Target Raised to C$138.00 at Canaccord Genuity Group

National Bank of Canada (TSE:NA - Get Free Report) had its target price increased by investment analysts at Canaccord Genuity Group from C$136.00 to C$138.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage presently has a "hold" rating on the financial services provider's stock. Canaccord Genuity Group's price target suggests a potential upside of 0.31% from the stock's current price.

A number of other equities research analysts have also issued reports on NA. Royal Bank Of Canada upped their target price on National Bank of Canada from C$148.00 to C$152.00 and gave the company a "sector perform" rating in a research note on Monday, June 9th. Cibc World Mkts lowered National Bank of Canada from a "hold" rating to a "strong sell" rating in a research note on Friday, April 4th. BMO Capital Markets reduced their price target on National Bank of Canada from C$143.00 to C$135.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. TD Securities reduced their price target on National Bank of Canada from C$135.00 to C$131.00 and set a "hold" rating on the stock in a research note on Wednesday, March 5th. Finally, Cormark reduced their price target on National Bank of Canada from C$139.00 to C$137.00 in a research note on Thursday, February 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of C$135.36.

National Bank of Canada Stock Performance

NA stock traded up C$0.26 on Tuesday, reaching C$137.58. The company had a trading volume of 2,304,407 shares, compared to its average volume of 1,924,250. National Bank of Canada has a 1 year low of C$106.67 and a 1 year high of C$141.15. The company's fifty day moving average is C$128.23 and its 200 day moving average is C$125.88. The company has a market cap of C$53.64 billion, a P/E ratio of 12.20, a PEG ratio of 7.14 and a beta of 1.12.

Insider Transactions at National Bank of Canada

In other news, Director Yvon Charest acquired 362 shares of the company's stock in a transaction dated Tuesday, May 20th. The stock was acquired at an average cost of C$127.93 per share, for a total transaction of C$46,310.66. Insiders own 0.21% of the company's stock.

National Bank of Canada Company Profile

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.