National Bankshares Stock Recommendations and Price Targets

National Bankshares, Inc. is a community bank holding company. It offers financial products and services, including deposit accounts, commercial, consumer and mortgage loans, credit cards and trust services throughout Southwest Virginia. National Bankshares was founded in 1986 and is headquartered in Blacksburg, VA.

This is a list of recent ratings by National Bankshares.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
2/2/2023	LI American Lithium	Boost Price Target	C$5.00	C$6.25 ➝ C$7.50	Outperform	N/A
2/2/2023	GIB.A CGI	Boost Price Target	C$122.00	C$135.00 ➝ C$140.00	Outperform	N/A
2/2/2023	TRP TC Energy	Lower Price Target	C$56.00	C$56.00 ➝ C$53.00	Sector Perform	N/A
2/1/2023	PRV.UN PRO Real Estate Investment Trust	Set Price Target	C$2.00	C$6.75	Sector Perform	N/A
1/31/2023	EFX Enerflex	Downgrade	C$9.00	C$10.75	Outperform ➝ Sector Perform	N/A
1/31/2023	FORA VerticalScope	Lower Price Target	C$9.00	C$15.00 ➝ C$11.00	Outperform	N/A
1/30/2023	HOT.UN American Hotel Income Properties REIT	Lower Price Target	C$3.00	C$3.25 ➝ C$3.00	Sector Perform	N/A
1/30/2023	AX.UN Artis Real Estate Investment Trust Unit	Lower Price Target	C$10.00	C$10.00 ➝ C$9.50	Sector Perform	N/A
1/30/2023	APR.UN Automotive Properties Real Est Invt TR	Lower Price Target	C$12.00	C$13.00 ➝ C$12.50	Sector Perform	N/A
1/30/2023	BEI.UN Boardwalk REIT	Boost Price Target	C$57.00	C$63.00 ➝ C$65.00	Outperform	N/A
1/30/2023	BTB.UN BTB Real Estate Investment Trust	Boost Price Target	C$4.00	C$3.65 ➝ C$4.00	Sector Perform	N/A
1/30/2023	CTC.A Canadian Tire	Lower Price Target	C$165.00	C$167.00 ➝ C$164.00	Outperform	N/A
1/30/2023	CAR.UN Canadian Apartment Properties REIT	Boost Price Target	C$50.00	C$50.00 ➝ C$55.00	Outperform	N/A
1/30/2023	CHP.UN Choice Properties Real Est Invstmnt Trst	Boost Price Target	C$15.00	C$14.50 ➝ C$15.00	Sector Perform	N/A
1/30/2023	DIR.UN Dream Industrial Real Estate Invest Trst	Boost Price Target	C$14.00	C$14.00 ➝ C$15.50	Outperform	N/A
1/30/2023	D.UN Dream Office Real Estate Investment Trst	Lower Price Target	C$17.00	C$18.25 ➝ C$18.00	Sector Perform	N/A
1/30/2023	ERE.UN European Residential Real Estate Investment Trust	Boost Price Target	C$4.00	C$3.45 ➝ C$3.70	Sector Perform	N/A
1/30/2023	EXE Extendicare	Lower Price Target	C$7.00	C$7.50 ➝ C$7.00	Sector Perform	N/A
1/30/2023	FCR.UN First Capital Realty	Boost Price Target	C$18.00	C$17.00 ➝ C$18.50	Sector Perform	N/A
1/30/2023	GRT.UN Granite Real Estate Investment Trust	Boost Price Target	C$86.00	C$84.00 ➝ C$91.00	Outperform	N/A
1/30/2023	HR.UN H&R Real Estate Investment Trust	Boost Price Target	C$13.00	C$14.25 ➝ C$15.00	Outperform	N/A
1/30/2023	INO.UN Inovalis Real Estate Investment Trust	Boost Price Target	C$5.00	C$4.00 ➝ C$4.25	Sector Perform	N/A
1/30/2023	IIP.UN Interrent Real Estate Investment Trust	Boost Price Target	C$15.00	C$14.00 ➝ C$15.75	Outperform	N/A
1/30/2023	KMP.UN Killam Apartment REIT	Boost Price Target	C$19.00	C$20.50 ➝ C$21.50	Outperform	N/A
1/30/2023	MI.UN Minto Apartment Real Estate Invt Trust	Boost Price Target	C$17.00	C$17.00 ➝ C$19.00	Outperform	N/A
1/30/2023	NXR.UN Nexus Industrial REIT	Boost Price Target	C$11.00	C$10.75 ➝ C$11.25	Sector Perform	N/A
1/30/2023	NWH.UN NorthWest Health Prop Real Est Inv Trust	Lower Price Target	C$10.00	C$11.00 ➝ C$10.50	Sector Perform	N/A
1/30/2023	REI.UN RioCan Real Estate Investment Trust	Boost Price Target	C$23.00	C$23.00 ➝ C$24.00	Outperform	N/A
1/30/2023	TCL.A Transcontinental	Lower Price Target	C$15.00	C$22.00 ➝ C$19.00	Outperform	N/A
1/30/2023	TCN Tricon Residential	Lower Price Target	C$12.00	C$15.00 ➝ C$13.00	Outperform	N/A
1/27/2023	ACO.X ATCO	Boost Price Target	C$42.00	C$41.00 ➝ C$45.00	Sector Perform	N/A
1/27/2023	CU Canadian Utilities	Boost Price Target	C$36.00	C$34.00 ➝ C$37.00	Sector Perform	N/A
1/27/2023	CPX Capital Power	Boost Price Target	C$44.00	C$50.00 ➝ C$53.00	Outperform	N/A
1/27/2023	EMA Emera	Boost Price Target	C$54.00	C$51.00 ➝ C$52.00	Sector Perform	N/A
1/27/2023	ENB Enbridge	Boost Price Target	C$54.00	C$54.00 ➝ C$56.00	Sector Perform	N/A
1/27/2023	FTS Fortis	Boost Price Target	C$55.00	C$51.00 ➝ C$55.00	Sector Perform	N/A
1/27/2023	GEI Gibson Energy	Boost Price Target	C$24.00	C$24.00 ➝ C$25.00	Sector Perform	N/A
1/27/2023	H Hydro One	Boost Price Target	C$36.00	C$32.00 ➝ C$36.00	Sector Perform	N/A
1/27/2023	PPL Pembina Pipeline	Boost Price Target	C$46.00	C$46.00 ➝ C$47.00	Sector Perform	N/A
1/27/2023	SES Secure Energy Services	Boost Price Target	C$8.00	C$9.00 ➝ C$10.00	Outperform	N/A
1/27/2023	TRP TC Energy	Lower Price Target	C$56.00	C$58.00 ➝ C$56.00	Sector Perform	N/A
1/27/2023	TA TransAlta	Upgrade	C$12.00	C$14.00 ➝ C$15.00	Sector Perform ➝ Outperform	N/A
1/26/2023	ALS Altius Minerals	Set Price Target	C$22.00	C$26.50	Outperform	N/A
1/26/2023	CARE Dialogue Health Technologies	Set Price Target	C$4.00	C$6.25	Outperform	N/A
1/26/2023	EQX Equinox Gold	Set Price Target	C$8.00	C$6.25	Sector Perform	N/A
1/26/2023	FVI Fortuna Silver Mines	Set Price Target	C$5.00	C$6.00	Sector Perform	N/A
1/26/2023	IAU i-80 Gold	Set Price Target	C$3.00	C$5.50	Outperform	N/A
1/26/2023	MAG MAG Silver	Set Price Target	C$18.00	C$26.50	Outperform	N/A
1/26/2023	MOZ Marathon Gold	Set Price Target	C$1.00	C$1.50	Outperform	N/A
1/25/2023	GWO Great-West Lifeco	Boost Price Target	C$35.00	C$35.00 ➝ C$36.00	Sector Perform	N/A
1/25/2023	IAG iA Financial	Boost Price Target	C$83.00	C$78.00 ➝ C$88.00	Outperform	N/A
1/25/2023	MFC Manulife Financial	Boost Price Target	C$26.00	C$24.00 ➝ C$26.00	Sector Perform	N/A
1/25/2023	MRU Metro	Boost Price Target	C$70.00	C$79.00 ➝ C$80.00	Sector Perform	N/A
1/25/2023	SLF Sun Life Financial	Boost Price Target	C$67.00	C$66.00 ➝ C$69.00	Sector Perform	N/A
1/24/2023	CJT Cargojet	Lower Price Target	C$131.00	C$158.00 ➝ C$147.00	Sector Perform	N/A
1/24/2023	S Sherritt International	Boost Price Target	C$1.00	C$0.75 ➝ C$0.80	Sector Perform	N/A
1/24/2023	WDO Wesdome Gold Mines	Lower Price Target	C$6.00	C$11.25 ➝ C$9.50	Outperform	N/A
1/23/2023	MTY MTY Food Group	Boost Price Target	C$71.00	C$65.00 ➝ C$67.00	Outperform	N/A
1/20/2023	RCH Richelieu Hardware	Lower Price Target	C$41.00	C$55.00 ➝ C$54.00	Outperform	N/A
1/19/2023	BBD.B Bombardier, Inc. Class B	Boost Price Target	C$65.00	C$65.00 ➝ C$67.00	Outperform	N/A
1/19/2023	IMG IAMGOLD	Boost Price Target	C$4.00	C$4.00 ➝ C$4.10	Sector Perform	N/A
1/19/2023	BYD Boyd Group Services	Boost Price Target	C$203.00	C$200.00 ➝ C$220.00	Sector Perform	N/A
1/19/2023	CAS Cascades	Boost Price Target	C$9.00	C$7.75 ➝ C$9.00	Sector Perform	N/A
1/19/2023	DBM Doman Building Materials Group	Boost Price Target	C$7.00	C$6.50 ➝ C$7.50	Outperform	N/A
1/19/2023	ERO Ero Copper	Boost Price Target	C$21.00	C$20.00 ➝ C$21.00	Sector Perform	N/A
1/17/2023	BLDP Ballard Power Systems	Lower Price Target	$7.00	$8.00 ➝ $7.00	Sector Perform	Low
1/17/2023	BLX Boralex	Lower Price Target	C$38.00	C$48.00 ➝ C$47.00	Outperform	N/A
1/17/2023	BEP Brookfield Renewable Partners	Lower Price Target	$28.00	$35.00 ➝ $33.00	Outperform	Low
1/17/2023	ELD Eldorado Gold	Downgrade	C$13.00	C$14.00 ➝ C$13.75	Outperform ➝ Sector Perform	N/A
1/17/2023	FM First Quantum Minerals	Lower Price Target	C$28.00	C$30.00 ➝ C$28.00	Sector Perform	N/A
1/17/2023	GRA NanoXplore	Lower Price Target	C$5.00	C$8.00 ➝ C$6.00	Outperform	N/A
1/17/2023	NXH Next Hydrogen Solutions	Lower Price Target	C$1.00	C$2.50 ➝ C$2.00	Sector Perform	N/A
1/17/2023	NPI Northland Power	Lower Price Target	C$34.00	C$47.00 ➝ C$46.00	Outperform	N/A
1/17/2023	RNW TransAlta Renewables	Lower Price Target	C$12.00	C$15.50 ➝ C$14.25	Sector Perform	N/A
1/16/2023	CCA Cogeco Communications	Lower Price Target	C$70.00	C$88.00 ➝ C$83.00	Sector Perform	N/A
1/16/2023	CJR.B Corus Entertainment	Lower Price Target	C$2.00	C$3.25 ➝ C$2.75	Sector Perform	N/A
1/16/2023	SAP Saputo	Boost Price Target	C$36.00	C$41.00 ➝ C$42.00	Outperform	N/A
1/13/2023	AEM Agnico Eagle Mines	Boost Price Target	C$70.00	C$75.00 ➝ C$89.00	Outperform	N/A
1/13/2023	AGI Alamos Gold	Boost Price Target	C$14.00	C$15.00 ➝ C$17.50	Outperform	N/A
1/13/2023	AYA Aya Gold & Silver	Boost Price Target	C$8.00	C$11.25 ➝ C$13.00	Outperform	N/A
1/13/2023	BTO B2Gold	Boost Price Target	C$5.00	C$6.75 ➝ C$7.25	Outperform	N/A
1/13/2023	ABX Barrick Gold	Boost Price Target	C$25.00	C$25.00 ➝ C$30.00	Sector Perform	N/A
1/13/2023	BBD.B Bombardier, Inc. Class B	Boost Price Target	C$65.00	C$61.00 ➝ C$65.00	Outperform	N/A
1/13/2023	CG Centerra Gold	Boost Price Target	C$9.00	C$10.50 ➝ C$11.50	Outperform	N/A
1/13/2023	DPM Dundee Precious Metals	Boost Price Target	C$8.00	C$8.50 ➝ C$11.00	Outperform	N/A
1/13/2023	ELD Eldorado Gold	Boost Price Target	C$13.00	C$13.50 ➝ C$14.00	Outperform	N/A
1/13/2023	EQX Equinox Gold	Boost Price Target	C$8.00	C$5.50 ➝ C$6.25	Sector Perform	N/A
1/13/2023	FR First Majestic Silver	Boost Price Target	C$10.00	C$13.00 ➝ C$14.50	Sector Perform	N/A
1/13/2023	FVI Fortuna Silver Mines	Boost Price Target	C$5.00	C$5.25 ➝ C$6.00	Sector Perform	N/A
1/13/2023	FNV Franco-Nevada	Boost Price Target	C$191.00	C$190.00 ➝ C$200.00	Sector Perform	N/A
1/13/2023	IAU i-80 Gold	Boost Price Target	C$3.00	C$4.25 ➝ C$5.50	Outperform	N/A
1/13/2023	IMG IAMGOLD	Boost Price Target	C$4.00	C$3.75 ➝ C$4.00	Sector Perform	N/A
1/13/2023	ITR Integra Resources	Boost Price Target	C$1.00	C$1.00 ➝ C$1.05	Outperform	N/A
1/13/2023	KNT K92 Mining Inc. (KNT.V)	Boost Price Target	C$8.00	C$11.25 ➝ C$12.00	Outperform	N/A
1/13/2023	K Kinross Gold	Boost Price Target	C$6.00	C$8.25 ➝ C$8.50	Outperform	N/A
1/13/2023	LGD Liberty Gold	Boost Price Target	C$1.00	C$0.90 ➝ C$1.00	Outperform	N/A
1/13/2023	LUG Lundin Gold	Boost Price Target	C$15.00	C$14.00 ➝ C$16.50	Sector Perform	N/A
1/13/2023	LUN Lundin Mining	Downgrade	C$10.00	C$9.25 ➝ C$8.75	Sector Perform ➝ Sell	N/A
1/13/2023	MAG MAG Silver	Boost Price Target	C$18.00	C$24.50 ➝ C$26.50	Outperform	N/A
1/13/2023	MOZ Marathon Gold	Lower Price Target	C$1.00	C$2.00 ➝ C$1.50	Outperform	N/A