CIBC Increases National Bank of Canada (TSE:NA) Price Target to C$141.00

National Bank of Canada (TSE:NA) had its price target raised by CIBC from C$135.00 to C$141.00 in a research note released on Tuesday,BayStreet.CA reports.

Several other research analysts also recently issued reports on the stock. TD Securities upped their target price on shares of National Bank of Canada from C$129.00 to C$140.00 in a research note on Friday, November 15th. BMO Capital Markets increased their target price on National Bank of Canada from C$125.00 to C$143.00 in a research note on Monday, November 18th. Cormark boosted their price target on National Bank of Canada from C$122.00 to C$128.00 in a research note on Thursday, August 29th. Canaccord Genuity Group lifted their price objective on National Bank of Canada from C$123.00 to C$135.00 in a report on Tuesday, November 19th. Finally, Scotiabank upped their target price on shares of National Bank of Canada from C$129.00 to C$154.00 in a research note on Monday, November 25th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$132.40.

National Bank of Canada Stock Performance

Shares of TSE:NA opened at C$138.71 on Tuesday. The firm has a market capitalization of C$47.21 billion, a P/E ratio of 13.51, a P/E/G ratio of 7.14 and a beta of 1.12. The stock has a 50 day moving average price of C$131.77 and a 200-day moving average price of C$121.02. National Bank of Canada has a 52-week low of C$88.71 and a 52-week high of C$139.20.

National Bank of Canada (TSE:NA) last released its earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 EPS for the quarter, topping the consensus estimate of C$2.50 by C$0.18. National Bank of Canada had a return on equity of 15.18% and a net margin of 34.50%. The business had revenue of C$2.98 billion for the quarter, compared to the consensus estimate of C$2.95 billion. On average, equities analysts forecast that National Bank of Canada will post 10.8360791 EPS for the current fiscal year.

Insider Activity

In other National Bank of Canada news, Director Yvon Charest bought 285 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were bought at an average price of C$133.71 per share, with a total value of C$38,107.35. Insiders own 0.21% of the company’s stock.

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.