CSFB Raises National Bank of Canada (NA) Price Target to C$64.00

National Bank of Canada (TSE:NA) had its price objective upped by equities researchers at CSFB from C$61.00 to C$64.00 in a research report issued to clients and investors on Friday. CSFB’s target price suggests a potential downside of 0.61% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on NA. Barclays cut shares of National Bank of Canada from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, December 19th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$66.00 price objective on shares of National Bank of Canada in a research report on Tuesday, December 12th. TD Securities upped their price objective on shares of National Bank of Canada from C$64.00 to C$66.00 and gave the stock a “hold” rating in a research report on Monday, December 4th. Scotiabank upped their price objective on shares of National Bank of Canada from C$68.00 to C$69.00 and gave the stock a “sector perform” rating in a research report on Monday, December 4th. Finally, Royal Bank of Canada upped their price objective on shares of National Bank of Canada from C$65.00 to C$70.00 and gave the stock an “outperform” rating in a research report on Monday, December 4th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. National Bank of Canada presently has a consensus rating of “Hold” and a consensus target price of C$65.45.

Shares of National Bank of Canada (TSE:NA) traded up C$0.18 during trading on Friday, hitting C$64.39. 891,320 shares of the stock were exchanged, compared to its average volume of 780,753. The company has a market capitalization of $22,190.00, a PE ratio of 11.97 and a beta of 0.89. National Bank of Canada has a 52 week low of C$51.41 and a 52 week high of C$64.47.

National Bank of Canada (TSE:NA) last announced its earnings results on Friday, December 1st. The financial services provider reported C$1.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$1.38 by C$0.02. National Bank of Canada had a net margin of 30.93% and a return on equity of 18.34%.

In other news, insider Dominique Fagnoule sold 14,200 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of C$64.20, for a total value of C$911,640.00. Also, insider Lisa Swiderski sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of C$64.14, for a total value of C$256,560.00. Insiders sold 239,772 shares of company stock valued at $15,288,811 in the last three months.

COPYRIGHT VIOLATION NOTICE: This article was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2018/01/19/csfb-raises-national-bank-of-canada-na-price-target-to-c64-00.html.

About National Bank of Canada

National Bank of Canada (the Bank) is an integrated group, which provides financial services to consumers, small- and medium-sized enterprises (SMEs) and large corporations in its domestic market and also offers specialized services internationally. The Bank’s segments are Personal and Commercial, which includes the banking, financing and investing services offered to individuals and businesses, as well as insurance operations; Wealth Management, which consists of investment solutions, trust services, banking services, lending services and other wealth management solutions offered through internal and third-party distribution networks; Financial Markets, which includes banking services, investment banking services and financial solutions for institutional clients, and Other, which includes treasury operations, including the Bank’s asset and liability management, liquidity management and funding operations; certain non-recurring items, and the unallocated portion of corporate units.

Analyst Recommendations for National Bank of Canada (TSE:NA)

Receive News & Ratings for National Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply