National Bank of Canada (TSE:NA) Price Target Raised to C$150.00

Key Points

• The price target for National Bank of Canada has been raised from C$136.00 to C$150.00 by Desjardins, indicating a potential upside of 0.64% from the current share price.
• Jefferies Financial Group has increased its price objective for the bank to C$157.00, while Scotiabank has changed its rating to a "strong-buy."
• The National Bank of Canada currently has an average rating of "Hold" and a consensus price target of C$139.45 from various analysts.

National Bank of Canada (TSE:NA - Get Free Report) had its price objective hoisted by stock analysts at Desjardins from C$136.00 to C$150.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a "hold" rating on the financial services provider's stock. Desjardins' target price would indicate a potential upside of 0.64% from the company's previous close.

Other equities analysts have also issued research reports about the company. Jefferies Financial Group upped their price objective on National Bank of Canada from C$139.00 to C$157.00 in a research note on Wednesday. Canaccord Genuity Group upped their price objective on National Bank of Canada from C$136.00 to C$138.00 and gave the stock a "hold" rating in a research note on Tuesday, June 24th. Scotiabank raised National Bank of Canada to a "strong-buy" rating in a research note on Thursday, May 15th. Cibc World Mkts raised National Bank of Canada from a "strong sell" rating to a "hold" rating in a research note on Friday, August 1st. Finally, Royal Bank Of Canada upped their price objective on National Bank of Canada from C$148.00 to C$152.00 and gave the stock a "sector perform" rating in a research note on Monday, June 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of C$139.45.

National Bank of Canada Price Performance

Shares of TSE NA traded up C$0.95 during mid-day trading on Wednesday, reaching C$149.04. The company's stock had a trading volume of 384,880 shares, compared to its average volume of 1,836,370. The firm has a market capitalization of C$58.11 billion, a PE ratio of 13.22, a P/E/G ratio of 7.14 and a beta of 1.12. The stock has a fifty day moving average of C$140.44 and a two-hundred day moving average of C$128.37. National Bank of Canada has a 52 week low of C$106.67 and a 52 week high of C$149.72.

Insider Activity

In other National Bank of Canada news, Director Yvon Charest purchased 362 shares of National Bank of Canada stock in a transaction that occurred on Tuesday, May 20th. The stock was bought at an average price of C$127.93 per share, with a total value of C$46,310.66. 0.21% of the stock is currently owned by company 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.

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