National Bank of Canada (TSE:NA) PT Lowered to C$119.00

National Bank of Canada (TSE:NA) had its price objective dropped by investment analysts at Jefferies Financial Group from C$121.00 to C$119.00 in a research note issued on Monday, BayStreet.CA reports. The firm currently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 4.31% from the company’s previous close.

Several other equities research analysts have also recently weighed in on NA. BMO Capital Markets dropped their target price on National Bank of Canada from C$121.00 to C$115.00 and set an “outperform” rating for the company in a report on Tuesday, June 18th. Royal Bank of Canada raised their price objective on shares of National Bank of Canada from C$109.00 to C$113.00 and gave the stock a “sector perform” rating in a report on Thursday, May 30th. Scotiabank lowered their price target on shares of National Bank of Canada from C$119.00 to C$116.00 and set a “hold” rating for the company in a research report on Tuesday, June 18th. UBS Group set a C$123.00 price objective on National Bank of Canada and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Finally, Cormark increased their price objective on shares of National Bank of Canada from C$119.00 to C$120.00 in a research report on Thursday, May 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$114.54.

National Bank of Canada Price Performance

Shares of TSE:NA traded up C$0.11 during midday trading on Monday, hitting C$114.08. 228,573 shares of the company’s stock were exchanged, compared to its average volume of 1,770,614. National Bank of Canada has a 12 month low of C$84.27 and a 12 month high of C$118.77. The stock has a 50 day moving average price of C$111.94 and a 200-day moving average price of C$110.68. The company has a market cap of C$38.77 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 17.04 and a beta of 1.12.

National Bank of Canada (TSE:NA) last issued its quarterly earnings data on Wednesday, May 29th. The financial services provider reported C$2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$2.43 by C$0.11. The business had revenue of C$2.84 billion during the quarter, compared to the consensus estimate of C$2.89 billion. National Bank of Canada had a net margin of 34.22% and a return on equity of 14.73%. On average, analysts anticipate that National Bank of Canada will post 9.8686007 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Yvon Charest purchased 324 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were bought at an average price of C$116.20 per share, for a total transaction of C$37,648.80. In other National Bank of Canada news, Director Yvon Charest purchased 324 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was purchased at an average cost of C$116.20 per share, with a total value of C$37,648.80. Also, Senior Officer Lucie Blanchet sold 8,800 shares of National Bank of Canada stock in a transaction on Thursday, June 20th. The stock was sold at an average price of C$107.59, for a total transaction of C$946,792.00. 0.20% of the stock is owned by corporate 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.