Canaccord Genuity Trims National Bank of Canada (NA) Target Price to C$65.00

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National Bank of Canada (TSE:NA) had its target price dropped by equities research analysts at Canaccord Genuity from C$67.00 to C$65.00 in a report released on Wednesday, BayStreet.CA reports. Canaccord Genuity’s price target would suggest a potential upside of 2.86% from the company’s current price.

Several other research firms have also weighed in on NA. TD Securities lowered their price objective on shares of National Bank of Canada from C$67.00 to C$66.00 and set a “hold” rating on the stock in a research note on Thursday, February 28th. Desjardins upped their price target on shares of National Bank of Canada from C$62.00 to C$64.00 in a report on Tuesday.

Shares of NA traded up C$0.25 during mid-day trading on Wednesday, reaching C$63.19. The company’s stock had a trading volume of 358,199 shares, compared to its average volume of 1,265,550. The firm has a market capitalization of $21.07 billion and a P/E ratio of 10.56. National Bank of Canada has a 1 year low of C$54.37 and a 1 year high of C$65.95.

National Bank of Canada (TSE:NA) last released its earnings results on Wednesday, February 27th. The financial services provider reported C$1.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$1.56 by C($0.06). The firm had revenue of C$1.80 billion during the quarter, compared to the consensus estimate of C$1.83 billion. On average, equities analysts expect that National Bank of Canada will post 6.74000012650231 earnings per share for the current year.

In other news, Senior Officer Martin Lavigne sold 32,576 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$62.25, for a total transaction of C$2,027,901.61. Following the completion of the transaction, the insider now owns 4,750 shares of the company’s stock, valued at C$295,694.15. Also, Senior Officer Ricardo Pascoe sold 50,392 shares of the firm’s stock in a transaction on Thursday, February 28th. The shares were sold at an average price of C$62.16, for a total transaction of C$3,132,477.58. Following the transaction, the insider now directly owns 18,209 shares of the company’s stock, valued at approximately C$1,131,911.50.

National Bank of Canada Company Profile

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.

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