National Bank of Canada (TSE:NA) had its target price increased by research analysts at TD Securities from C$68.00 to C$69.00 in a report released on Thursday. The firm currently has a “hold” rating on the financial services provider’s stock. TD Securities’ price target indicates a potential upside of 9.89% from the stock’s previous close.
Several other research firms have also issued reports on NA. BMO Capital Markets upped their price target on shares of National Bank of Canada from C$61.00 to C$66.00 and gave the company a “market perform” rating in a research report on Monday, December 4th. Royal Bank of Canada upped their price target on shares of National Bank of Canada from C$70.00 to C$71.00 in a research report on Wednesday, February 14th. Eight Capital lowered shares of National Bank of Canada from a “buy” rating to a “neutral” rating and upped their price target for the company from C$66.00 to C$67.00 in a research report on Monday, December 4th. CSFB upped their price target on shares of National Bank of Canada from C$61.00 to C$64.00 in a research report on Friday, January 19th. Finally, Scotiabank upped their price target on shares of National Bank of Canada from C$68.00 to C$69.00 and gave the company a “sector perform” rating in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of C$66.73.
National Bank of Canada (TSE NA) traded up C$0.53 during midday trading on Thursday, reaching C$62.79. 939,754 shares of the company’s stock traded hands, compared to its average volume of 965,581. National Bank of Canada has a twelve month low of C$51.41 and a twelve month high of C$65.68. The stock has a market capitalization of $21,430.00, a price-to-earnings ratio of 11.67 and a beta of 0.88.
In other news, Director Louis Vachon sold 100,000 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of C$64.18, for a total transaction of C$6,418,000.00. Also, insider Lisa Swiderski sold 4,000 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of C$64.14, for a total transaction of C$256,560.00. Over the last quarter, insiders have sold 239,772 shares of company stock valued at $15,288,811.
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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.
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