National Bank of Canada (TSE:NA) Given New C$72.50 Price Target at Canaccord Genuity

National Bank of Canada (TSE:NA) had its target price boosted by Canaccord Genuity from C$68.50 to C$72.50 in a report released on Thursday, BayStreet.CA reports. Canaccord Genuity’s price objective points to a potential upside of 0.10% from the company’s previous close.

Several other brokerages also recently commented on NA. Eight Capital boosted their target price on National Bank of Canada from C$63.00 to C$66.00 in a report on Wednesday, September 4th. Royal Bank of Canada increased their price target on National Bank of Canada from C$69.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Thursday. CIBC raised their price target on National Bank of Canada from C$67.00 to C$73.00 in a report on Thursday, November 21st. Scotiabank lifted their price objective on National Bank of Canada from C$72.00 to C$77.00 in a research report on Thursday. Finally, BMO Capital Markets reduced their price objective on National Bank of Canada from C$69.00 to C$66.00 in a research note on Thursday, August 29th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of C$69.25.

National Bank of Canada stock traded up C$0.19 during trading hours on Thursday, hitting C$72.43. 1,524,108 shares of the stock were exchanged, compared to its average volume of 1,140,290. The stock has a market capitalization of $24.14 billion and a P/E ratio of 11.70. The business’s 50-day moving average is C$69.12 and its two-hundred day moving average is C$64.61. National Bank of Canada has a 12 month low of C$54.37 and a 12 month high of C$72.75.

In other National Bank of Canada news, Senior Officer Dominique Fagnoule sold 14,000 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$65.13, for a total value of C$911,820.00.

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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