National Bank of Canada (TSE:NA) Sets New 52-Week High After Analyst Upgrade

National Bank of Canada (TSE:NA)’s stock price reached a new 52-week high during trading on Monday after CIBC raised their price target on the stock from C$135.00 to C$141.00. The stock traded as high as C$138.54 and last traded at C$138.54, with a volume of 1800 shares changing hands. The stock had previously closed at C$137.81.

Other research analysts have also recently issued reports about the company. BMO Capital Markets lifted their price target on National Bank of Canada from C$125.00 to C$143.00 in a research report on Monday, November 18th. Jefferies Financial Group increased their price target on shares of National Bank of Canada from C$119.00 to C$126.00 in a report on Thursday, August 29th. Barclays downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. Canaccord Genuity Group raised their target price on National Bank of Canada from C$123.00 to C$135.00 in a research report on Tuesday, November 19th. Finally, Royal Bank of Canada upped their price target on National Bank of Canada from C$113.00 to C$116.00 in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$132.40.

Insider Transactions at National Bank of Canada

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

National Bank of Canada Price Performance

The stock has a market cap of C$46.78 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 7.14 and a beta of 1.12. The firm has a fifty day moving average of C$131.10 and a 200 day moving average of C$120.55.

National Bank of Canada (TSE:NA) last issued its earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of C$2.95 billion. Research analysts anticipate that National Bank of Canada will post 10.8360791 earnings per share for the current fiscal year.

National Bank of Canada Company Profile

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.