National Bank of Canada (NA) Given a C$65.00 Price Target by CSFB Analysts

National Bank of Canada (TSE:NA) has been assigned a C$65.00 price objective by equities researchers at CSFB in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. CSFB’s price target would indicate a potential upside of 2.64% from the stock’s current price.

A number of other equities research analysts also recently weighed in on NA. Desjardins boosted their price objective on shares of National Bank of Canada from C$62.00 to C$64.00 in a research report on Tuesday. Canaccord Genuity lowered their price objective on shares of National Bank of Canada from C$67.00 to C$65.00 in a research report on Wednesday. Finally, 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 for the company in a research report on Thursday, February 28th.

Shares of NA traded up C$0.03 during midday trading on Thursday, hitting C$63.33. The company had a trading volume of 389,330 shares, compared to its average volume of 1,262,518. The company has a market capitalization of $21.47 billion and a P/E ratio of 10.59. National Bank of Canada has a 52 week low of C$54.37 and a 52 week 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 for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.56 by C($0.06). The firm had revenue of C$1.80 billion for the quarter, compared to the consensus estimate of C$1.83 billion. As a group, sell-side analysts expect that National Bank of Canada will post 6.74000012650231 earnings per share for the current year.

In other National Bank of Canada news, Senior Officer Martin Lavigne sold 32,576 shares of the business’s stock in a transaction dated 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 directly owns 4,750 shares of the company’s stock, valued at approximately C$295,694.15. Also, Senior Officer Ricardo Pascoe sold 50,392 shares of the business’s stock in a transaction dated 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 C$1,131,911.50.

About National Bank of Canada

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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