Royal Bank Of Canada Increases National Bank of Canada (NA) Price Target to C$70.00
National Bank of Canada (TSE:NA) had its price objective hoisted by equities research analysts at Royal Bank Of Canada from C$65.00 to C$70.00 in a research note issued on Monday. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 10.43% from the stock’s current price.
Several other research firms also recently weighed in on NA. BMO Capital Markets upped their price target on National Bank of Canada from C$61.00 to C$66.00 and gave the stock a “market perform” rating in a research note on Monday. Scotiabank upped their price target on National Bank of Canada from C$60.00 to C$61.00 and gave the stock an “outperform” rating in a research note on Monday, August 21st. Eight Capital downgraded National Bank of Canada from a “buy” rating to a “neutral” rating and upped their price target for the stock from C$66.00 to C$67.00 in a research note on Monday. Canaccord Genuity upped their price target on National Bank of Canada from C$60.00 to C$62.00 in a research note on Thursday, August 31st. Finally, Desjardins upped their price target on National Bank of Canada from C$62.00 to C$64.00 in a research note on Monday. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of C$64.50.
Shares of National Bank of Canada (TSE:NA) opened at C$63.39 on Monday. National Bank of Canada has a 52 week low of C$51.41 and a 52 week high of C$64.37.
In other news, Director Richard Fortin purchased 2,000 shares of the stock in a transaction dated Friday, September 22nd. The shares were purchased at an average cost of C$57.76 per share, with a total value of C$115,520.00. Also, insider Jean Dagenais sold 10,000 shares of the stock in a transaction on Thursday, September 21st. The shares were sold at an average price of C$58.45, for a total value of C$584,500.00. Over the last quarter, insiders have acquired 16,900 shares of company stock worth $988,018 and have sold 16,900 shares worth $968,706.
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National Bank of Canada Company Profile
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