National Bank of Canada (TSE:NA) Hits New 52-Week High – What’s Next?

National Bank of Canada (TSE:NA)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$139.88 and last traded at C$139.69, with a volume of 89610 shares traded. The stock had previously closed at C$138.71.

Analysts Set New Price Targets

Several analysts recently issued reports on NA shares. TD Securities increased their target price on National Bank of Canada from C$129.00 to C$140.00 in a research report on Friday, November 15th. Royal Bank of Canada lifted their target price on National Bank of Canada from C$113.00 to C$116.00 in a report on Thursday, August 29th. Jefferies Financial Group raised their price target on National Bank of Canada from C$119.00 to C$126.00 in a research note on Thursday, August 29th. BMO Capital Markets raised their price target on National Bank of Canada from C$125.00 to C$143.00 in a research note on Monday, November 18th. Finally, Cormark lifted their target price on National Bank of Canada from C$122.00 to C$128.00 in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, National Bank of Canada has a consensus rating of “Hold” and a consensus price target of C$132.40.

National Bank of Canada Trading Up 0.5 %

The firm has a market cap of C$47.44 billion, a price-to-earnings ratio of 13.51, a PEG ratio of 7.14 and a beta of 1.12. The company has a fifty day moving average price of C$131.77 and a 200-day moving average price of C$121.10.

Insider Activity

In other National Bank of Canada news, Director Yvon Charest purchased 285 shares of National Bank of Canada stock in a transaction that occurred on Tuesday, November 19th. The stock was bought at an average price of C$133.71 per share, with a total value of C$38,107.35. Insiders own 0.21% of the company’s stock.

About National Bank of Canada

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.