National Bank of Canada (TSE:NA) Price Target Raised to C$147.00 at Barclays

National Bank of Canada (TSE:NA) had its price target increased by analysts at Barclays from C$141.00 to C$147.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price target would suggest a potential downside of 2.33% from the company’s previous close.

Several other research analysts have also recently commented on the company. Canaccord Genuity Group boosted their price target on National Bank of Canada from C$136.00 to C$138.00 and gave the stock a “hold” rating in a research note on Tuesday, June 24th. Jefferies Financial Group boosted their price target on National Bank of Canada from C$139.00 to C$157.00 in a research note on Wednesday. Desjardins boosted their price target on National Bank of Canada from C$136.00 to C$150.00 and gave the stock a “hold” rating in a research note on Wednesday. Cibc World Mkts upgraded National Bank of Canada from a “strong sell” rating to a “hold” rating in a research note on Friday, August 1st. Finally, Royal Bank Of Canada boosted their price target on National Bank of Canada from C$148.00 to C$152.00 and gave the stock a “sector perform” rating in a research note on Monday, June 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$140.08.

National Bank of Canada Price Performance

Shares of TSE NA opened at C$150.51 on Thursday. National Bank of Canada has a 1-year low of C$106.67 and a 1-year high of C$151.40. The business has a 50-day moving average of C$141.40 and a 200-day moving average of C$128.79. The company has a market capitalization of C$58.68 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 7.14 and a beta of 1.12.

Insider Buying and Selling at National Bank of Canada

In related news, Director Yvon Charest purchased 362 shares of the business’s stock in a transaction that occurred on Tuesday, May 20th. The shares were acquired at an average price of C$127.93 per share, with a total value of C$46,310.66. 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.