National Bank of Canada (TSE:NA) Price Target Cut to C$97.00 by Analysts at Scotiabank

National Bank of Canada (TSE:NAGet Free Report) had its price objective dropped by analysts at Scotiabank from C$105.00 to C$97.00 in a research note issued on Tuesday, BayStreet.CA reports. Scotiabank’s price target indicates a potential upside of 7.38% from the company’s previous close.

Several other equities research analysts have also recently weighed in on NA. Barclays boosted their target price on National Bank of Canada from C$93.00 to C$96.00 and gave the stock an “underweight” rating in a research note on Monday, August 21st. CSFB set a C$108.00 target price on shares of National Bank of Canada and gave the company an “outperform” rating in a report on Tuesday, September 12th. Royal Bank of Canada dropped their target price on shares of National Bank of Canada from C$108.00 to C$105.00 and set a “sector perform” rating on the stock in a research report on Monday, September 25th. Canaccord Genuity Group boosted their price target on shares of National Bank of Canada from C$102.00 to C$105.00 and gave the company a “hold” rating in a research report on Monday, July 24th. Finally, Cormark dropped their price objective on National Bank of Canada from C$109.00 to C$107.00 and set a “market perform” rating on the stock in a report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$103.88.

Read Our Latest Report on National Bank of Canada

National Bank of Canada Stock Performance

Shares of TSE:NA traded down C$0.65 during trading hours on Tuesday, reaching C$90.33. The stock had a trading volume of 239,578 shares, compared to its average volume of 1,560,246. The stock has a market capitalization of C$30.55 billion, a price-to-earnings ratio of 9.71, a P/E/G ratio of 17.04 and a beta of 1.12. The firm’s 50 day moving average is C$89.27 and its 200-day moving average is C$95.75. National Bank of Canada has a 1 year low of C$84.27 and a 1 year high of C$104.83.

National Bank of Canada (TSE:NAGet Free Report) last posted its earnings results on Wednesday, August 30th. The financial services provider reported C$2.21 EPS for the quarter, missing the consensus estimate of C$2.37 by C($0.16). The business had revenue of C$2.52 billion during the quarter. National Bank of Canada had a net margin of 34.66% and a return on equity of 14.98%. Analysts forecast that National Bank of Canada will post 9.68676 EPS for the current year.

Insider Transactions at National Bank of Canada

In other news, Director Yvon Charest acquired 376 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were purchased at an average cost of C$90.45 per share, for a total transaction of C$34,009.20. Company insiders own 0.20% of the company’s stock.

National Bank of Canada Company Profile

(Get Free Report)

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International.

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Analyst Recommendations for National Bank of Canada (TSE:NA)

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