Royal Bank of Canada Issues Positive Forecast for National Bank of Canada (TSE:NA) Stock Price

National Bank of Canada (TSE:NA) had its price objective upped by stock analysts at Royal Bank of Canada from C$134.00 to C$145.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the financial services provider’s stock. Royal Bank of Canada’s price target would indicate a potential upside of 9.38% from the company’s previous close.

Other research analysts also recently issued reports about the company. TD Securities cut their price objective on National Bank of Canada from C$140.00 to C$138.00 in a research note on Thursday, December 5th. Scotiabank upped their price target on shares of National Bank of Canada from C$129.00 to C$154.00 in a research report on Monday, November 25th. CIBC raised their price objective on shares of National Bank of Canada from C$135.00 to C$141.00 in a research report on Tuesday, November 26th. Cibc World Mkts downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 20th. Finally, BMO Capital Markets raised their price target on National Bank of Canada from C$125.00 to C$143.00 in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$137.20.

National Bank of Canada Trading Up 0.6 %

National Bank of Canada stock traded up C$0.79 during trading on Wednesday, reaching C$132.56. The company had a trading volume of 431,015 shares, compared to its average volume of 1,603,101. The firm’s 50-day simple moving average is C$134.02 and its 200 day simple moving average is C$124.53. National Bank of Canada has a 52 week low of C$98.04 and a 52 week high of C$141.15. The firm has a market capitalization of C$45.12 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12.

Insider Buying and Selling

In related news, Director Yvon Charest acquired 285 shares of the stock in a transaction dated Tuesday, November 19th. The stock was acquired at an average cost of C$133.71 per share, with a total value of C$38,107.35. Also, Senior Officer Brigitte Hébert sold 400 shares of National Bank of Canada stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of C$132.46, for a total value of C$52,984.00. 0.21% of the stock is currently owned by company insiders.

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.