National Bank of Canada (NA) PT Raised to C$71.00 at Royal Bank of Canada

National Bank of Canada (TSE:NA) had its target price lifted by equities researchers at Royal Bank of Canada from C$70.00 to C$71.00 in a report released on Wednesday. Royal Bank of Canada’s target price would suggest a potential upside of 14.76% from the company’s previous close.

A number of other brokerages have also recently issued reports on NA. CSFB upped their target price on National Bank of Canada from C$61.00 to C$64.00 in a report on Friday, January 19th. Barclays cut National Bank of Canada from an “overweight” rating to an “equal weight” rating in a report on Tuesday, December 19th. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$66.00 target price on shares of National Bank of Canada in a report on Tuesday, December 12th. TD Securities upped their target price on National Bank of Canada from C$64.00 to C$66.00 and gave the stock a “hold” rating in a report on Monday, December 4th. Finally, Scotiabank upped their target price on National Bank of Canada from C$68.00 to C$69.00 and gave the stock a “sector perform” rating in a report on Monday, December 4th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of C$65.55.

National Bank of Canada (TSE NA) traded up C$0.77 during trading hours on Wednesday, hitting C$61.87. The stock had a trading volume of 524,308 shares, compared to its average volume of 935,015. The company has a market cap of $21,020.00, a P/E ratio of 11.48 and a beta of 0.88. National Bank of Canada has a 1 year low of C$51.41 and a 1 year high of C$65.68.

National Bank of Canada (TSE:NA) last released its earnings results on Friday, December 1st. The financial services provider reported C$1.40 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.38 by C$0.02. The firm had revenue of C$1.70 billion during the quarter, compared to the consensus estimate of C$1.69 billion. National Bank of Canada had a return on equity of 18.09% and a net margin of 30.81%.

In other National Bank of Canada news, insider Lisa Swiderski sold 4,000 shares of the company’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of C$64.14, for a total value of C$256,560.00. Also, insider Ricardo Pascoe sold 48,340 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of C$63.25, for a total value of C$3,057,505.00. Insiders sold a total of 239,772 shares of company stock worth $15,288,811 in the last quarter.

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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)

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