National Bank of Canada (NA) Set to Announce Earnings on Wednesday

National Bank of Canada (TSE:NA) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, December 4th. Analysts expect the company to announce earnings of C$2.53 per share for the quarter.

National Bank of Canada Stock Performance

TSE:NA opened at C$139.97 on Tuesday. The firm has a 50-day simple moving average of C$132.03 and a two-hundred day simple moving average of C$121.27. The firm has a market cap of C$47.64 billion, a P/E ratio of 13.63, a P/E/G ratio of 7.14 and a beta of 1.12. National Bank of Canada has a fifty-two week low of C$92.71 and a fifty-two week high of C$140.09.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NA shares. Desjardins boosted their price objective on shares of National Bank of Canada from C$116.00 to C$118.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. Royal Bank of Canada upped their price target on National Bank of Canada from C$113.00 to C$116.00 in a report on Thursday, August 29th. BMO Capital Markets lifted their price objective on National Bank of Canada from C$125.00 to C$143.00 in a report on Monday, November 18th. Cibc World Mkts downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 20th. Finally, TD Securities boosted their price objective on shares of National Bank of Canada from C$129.00 to C$140.00 in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$132.40.

Insider Transactions at National Bank of Canada

In related news, Director Yvon Charest acquired 285 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was acquired at an average cost of C$133.71 per share, with a total value of C$38,107.35. Corporate insiders own 0.21% of the company’s stock.

National Bank of Canada Company Profile

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.