National Bank of Canada (NA) Sets New 52-Week Low at $60.89
National Bank of Canada (TSE:NA) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$60.89 and last traded at C$60.91, with a volume of 1424425 shares changing hands. The stock had previously closed at C$62.53.
NA has been the subject of several analyst reports. Barclays lifted their price objective on shares of National Bank of Canada from C$67.00 to C$69.00 in a research note on Thursday, August 30th. Desjardins lifted their price objective on shares of National Bank of Canada from C$64.00 to C$66.00 in a research note on Thursday, August 30th. Finally, Canaccord Genuity lowered shares of National Bank of Canada from a “buy” rating to a “hold” rating and set a C$69.00 price objective for the company. in a research note on Thursday, August 30th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of C$68.36.
National Bank of Canada (TSE:NA) last released its earnings results on Wednesday, August 29th. The financial services provider reported C$1.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$1.49 by C$0.04. The firm had revenue of C$1.79 billion during the quarter, compared to analyst estimates of C$1.76 billion. National Bank of Canada had a net margin of 30.45% and a return on equity of 18.84%.
In other National Bank of Canada news, Director Louis Vachon sold 12,200 shares of the business’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of C$65.04, for a total transaction of C$793,488.00. Also, insider Alain Legris sold 700 shares of the business’s stock in a transaction on Thursday, August 30th. The stock was sold at an average price of C$64.71, for a total transaction of C$45,297.00. In the last three months, insiders have sold 105,000 shares of company stock valued at $6,826,094.
About National Bank of Canada (TSE:NA)
National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.
Further Reading: Compound Annual Growth Rate (CAGR)
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