National Bankshares Stock Recommendations and Price Targets

National Bankshares, Inc. operates as the bank holding company for the National Bank of Blacksburg that provides retail and commercial banking products and services to individuals, businesses, non-profits, and local governments. The company accepts interest-bearing and non-interest-bearing demand deposit accounts, money market deposit accounts, savings accounts, certificates of deposit, health savings accounts, and individual retirement accounts. Its loan products include commercial and agricultural, commercial real estate, residential real estate, home equity, and various consumer loan products, as well as loans for the construction of commercial and residential properties. The company also provides business and consumer debit and credit cards; letters of credit, night depository services, safe deposit boxes, utility payment services, and automatic funds transfer; wealth management, trust, and estate services; non-deposit investment and insurance products; and telephone, mobile, and Internet banking services. The company was founded in 1891 and is headquartered in Blacksburg, Virginia.

This is a list of recent ratings by National Bankshares.

Date	Company Name	Action	Current Price	Price Target	Rating	Impact on Share Price
7/26/2024	ARE Aecon Group	Lower Price Target	C$16.00	C$18.00 ➝ C$17.00		N/A
7/26/2024	L Loblaw Companies	Boost Price Target	C$169.00	C$159.00 ➝ C$175.00	Outperform	N/A
7/25/2024	ATH Athabasca Oil	Boost Price Target	C$6.00	C$7.00 ➝ C$7.50		N/A
7/25/2024	NG NovaGold Resources	Downgrade	C$7.00	C$6.50 ➝ C$7.00	Outperform ➝ Sector Perform	N/A
7/24/2024	CNR Canadian National Railway	Lower Price Target	C$160.00	C$190.00 ➝ C$186.00	Outperform	N/A
7/23/2024	CSH.UN Chartwell Retirement Residences	Set Price Target	C$14.00	C$15.00	Outperform	N/A
7/23/2024	MAU Montage Gold	Set Price Target	C$2.00	C$2.50	Outperform	N/A
7/23/2024	PKI Parkland	Lower Price Target	C$39.00	C$52.00 ➝ C$49.00	Outperform	N/A
7/23/2024	SIA Sienna Senior Living	Set Price Target	C$16.00	C$17.00	Outperform	N/A
7/23/2024	ZZZ Sleep Country Canada	Downgrade	C$35.00	C$35.00	Sector Perform ➝ Tender	N/A
7/22/2024	AC Air Canada	Lower Price Target	C$16.00	C$28.00 ➝ C$24.00	Outperform	N/A
7/22/2024	SLS Solaris Resources	Boost Price Target	C$3.00	C$8.50 ➝ C$9.00		N/A
7/19/2024	BEP Brookfield Renewable Partners	Boost Price Target	$24.00	$32.00 ➝ $33.00	Outperform	Low
7/18/2024	AP.UN Allied Properties Real Estate Investment Trust	Downgrade	C$18.00	C$18.50	Outperform ➝ Sector Perform	N/A
7/18/2024	HOM.UN BSR Real Estate Investment Trust	Downgrade	C$17.00	C$12.50	Outperform ➝ Sector Perform	N/A
7/18/2024	NXR.UN Nexus Industrial REIT	Upgrade	C$8.00	C$7.50 ➝ C$8.00	Sector Perform ➝ Outperform	N/A
7/18/2024	SVI StorageVault Canada	Upgrade	C$6.00	C$5.75	Sector Perform ➝ Outperform	N/A
7/17/2024	AYA Aya Gold & Silver	Lower Price Target	C$15.00	C$22.00 ➝ C$21.75	Outperform	N/A
7/17/2024	K Kinross Gold	Boost Price Target	C$12.00	C$13.75 ➝ C$16.00	Outperform	N/A
7/17/2024	OGC OceanaGold	Boost Price Target	C$4.00	C$4.50 ➝ C$5.00	Outperform	N/A
7/17/2024	OR Osisko Gold Royalties	Boost Price Target	C$24.00	C$26.00 ➝ C$28.00	Outperform	N/A
7/16/2024	BOS AirBoss of America	Lower Price Target	C$5.00	C$6.25 ➝ C$5.75	Sector Perform	N/A
7/16/2024	CJR.B Corus Entertainment	Lower Price Target	C$0.00	C$0.25 ➝ C$0.24	Underperform	N/A
7/16/2024	PIF Polaris Renewable Energy	Boost Price Target	C$13.00	C$19.00 ➝ C$20.00	Outperform	N/A
7/16/2024	RUS Russel Metals	Lower Price Target	C$40.00	C$48.00 ➝ C$47.00	Outperform	N/A
7/16/2024	SJ Stella-Jones	Boost Price Target	C$96.00	C$91.00 ➝ C$99.00	Outperform	N/A
7/16/2024	SPB Superior Plus	Downgrade	C$8.00	C$12.00 ➝ C$10.00	Outperform ➝ Sector Perform	N/A
7/15/2024	CS Capstone Copper	Boost Price Target	C$9.00	C$12.00 ➝ C$12.75	Outperform	N/A
7/15/2024	ERO Ero Copper	Boost Price Target	C$27.00	C$32.50 ➝ C$33.00	Sector Perform	N/A
7/15/2024	HBM Hudbay Minerals	Boost Price Target	C$11.00	C$16.50 ➝ C$17.00	Outperform	N/A
7/15/2024	LUN Lundin Mining	Lower Price Target	C$14.00	C$19.50 ➝ C$18.50	Outperform	N/A
7/15/2024	TECK.B Teck Resources	Boost Price Target	C$66.00	C$82.50 ➝ C$86.00	Outperform	N/A
7/15/2024	TVK TerraVest Industries	Set Price Target	C$82.00	C$89.00	Outperform	N/A
7/12/2024	MTY MTY Food Group	Boost Price Target	C$45.00	C$52.00 ➝ C$53.00	Outperform	N/A
7/12/2024	SAP Saputo	Boost Price Target	C$32.00	C$35.00 ➝ C$36.00		N/A
7/11/2024	BBD.B Bombardier, Inc. Class B	Boost Price Target	C$92.00	C$92.00 ➝ C$114.00	Outperform	N/A
7/11/2024	NPI Northland Power	Boost Price Target	C$23.00	C$34.00 ➝ C$35.00		N/A
7/10/2024	LAS.A Lassonde Industries	Lower Price Target	C$155.00	C$182.00 ➝ C$181.00		N/A
7/9/2024	DHT.UN DRI Healthcare Trust	Lower Price Target	C$12.00	C$23.50 ➝ C$17.50	Outperform	N/A
7/8/2024	BLX Boralex	Boost Price Target	C$33.00	C$43.00 ➝ C$46.00		N/A
7/8/2024	LUG Lundin Gold	Upgrade	C$22.00	C$25.25 ➝ C$27.75	Sector Perform ➝ Outperform	N/A
7/4/2024	CTC.A Canadian Tire	Lower Price Target	C$144.00	C$149.00 ➝ C$146.00	Sector Perform	N/A
7/4/2024	INE Innergex Renewable Energy	Boost Price Target	C$10.00	C$16.00 ➝ C$17.00	Outperform	N/A
7/3/2024	AC Air Canada	Lower Price Target	C$16.00	C$30.00 ➝ C$28.00	Outperform	N/A
7/3/2024	TPZ Topaz Energy	Boost Price Target	C$25.00	C$27.50 ➝ C$28.50	Outperform	N/A
7/2/2024	EMA Emera	Lower Price Target	C$49.00	C$50.00 ➝ C$48.00		N/A
6/28/2024	NFI NFI Group	Boost Price Target	C$17.00	C$19.00 ➝ C$21.00	Outperform	N/A
6/27/2024	CNR Canadian National Railway	Upgrade	C$160.00	C$190.00	Sector Perform ➝ Outperform	N/A
6/27/2024	CP Canadian Pacific Kansas City	Set Price Target	C$114.00	C$119.00	Sector Perform	N/A
6/26/2024	BCE BCE	Lower Price Target	C$46.00	C$52.00 ➝ C$50.00	Outperform	N/A
6/26/2024	PPL Pembina Pipeline	Boost Price Target	C$53.00	C$51.00 ➝ C$52.00		N/A
6/26/2024	T TELUS	Lower Price Target	C$22.00	C$25.00 ➝ C$23.00	Outperform	N/A
6/24/2024	AEM Agnico Eagle Mines	Set Price Target	C$102.00	C$104.00	Outperform	N/A
6/24/2024	LAS.A Lassonde Industries	Set Price Target	C$155.00	C$182.00	Outperform	N/A
6/21/2024	EMP.A Empire	Boost Price Target	C$37.00	C$40.00 ➝ C$41.00	Sector Perform	N/A
6/19/2024	AAV Advantage Energy	Boost Price Target	C$10.00	C$12.50 ➝ C$13.00	Outperform	N/A
6/19/2024	MTY MTY Food Group	Lower Price Target	C$45.00	C$57.00 ➝ C$52.00	Outperform	N/A
6/18/2024	RCH Richelieu Hardware	Set Price Target	C$40.00	C$45.50	Sector Perform	N/A
6/14/2024	ATD Alimentation Couche-Tard	Boost Price Target	C$83.00	C$83.00 ➝ C$84.00	Sector Perform	N/A
6/14/2024	ALYA Alithya Group	Boost Price Target	C$2.00	C$2.00 ➝ C$2.50	Sector Perform	N/A
6/14/2024	CJT Cargojet	Upgrade	C$130.00	C$132.00 ➝ C$154.00	Sector Perform ➝ Outperform	N/A
6/13/2024	ADEN ADENTRA	Boost Price Target	C$41.00	C$51.50 ➝ C$53.00	Outperform	N/A
6/13/2024	BLN Blackline Safety	Set Price Target	C$9.00	C$6.00	Buy	N/A
6/13/2024	DOL Dollarama	Boost Price Target	C$131.00	C$130.00 ➝ C$132.00	Outperform	N/A
6/12/2024	BCE BCE	Lower Price Target	C$46.00	C$53.00 ➝ C$52.00	Outperform	N/A
6/12/2024	CPLF Copperleaf Technologies	Downgrade	C$12.00	C$9.00 ➝ C$12.00	Outperform ➝ Tender	N/A
6/11/2024	BDT Bird Construction	Boost Price Target	C$26.00	C$21.00 ➝ C$23.00	Sector Perform	N/A
6/11/2024	CCL.B CCL Industries	Boost Price Target	C$75.00	C$83.00 ➝ C$84.00	Outperform	N/A
6/11/2024	CJR.B Corus Entertainment	Lower Price Target	C$0.00	C$0.40 ➝ C$0.25	Underperform	N/A
6/11/2024	FVI Fortuna Silver Mines	Set Price Target	C$6.00	C$9.00	Sector Perform	N/A
6/10/2024	ADZN Adventus Mining	Downgrade	C$0.00	C$0.65 ➝ C$0.55	Outperform ➝ Tender	N/A
6/10/2024	AMC Arizona Metals	Lower Price Target	C$4.00	C$5.50 ➝ C$4.50	Outperform	N/A
6/10/2024	ORA Aura Minerals	Boost Price Target	C$14.00	C$15.00 ➝ C$16.00	Outperform	N/A
6/10/2024	CS Capstone Copper	Boost Price Target	C$9.00	C$11.50 ➝ C$12.00	Outperform	N/A
6/10/2024	CG Centerra Gold	Boost Price Target	C$9.00	C$11.25 ➝ C$12.00	Outperform	N/A
6/10/2024	ELD Eldorado Gold	Boost Price Target	C$22.00	C$25.00 ➝ C$26.00	Outperform	N/A
6/10/2024	ERO Ero Copper	Lower Price Target	C$27.00	C$33.50 ➝ C$32.50	Sector Perform	N/A
6/10/2024	FIL Filo Mining	Boost Price Target	C$9.00	C$36.00 ➝ C$38.00	Outperform	N/A
6/10/2024	HBM Hudbay Minerals	Boost Price Target	C$11.00	C$15.50 ➝ C$16.50	Outperform	N/A
6/10/2024	LUN Lundin Mining	Boost Price Target	C$14.00	C$18.00 ➝ C$19.50	Outperform	N/A
6/10/2024	NGT Newmont	Boost Price Target	C$65.00	C$67.00 ➝ C$68.00	Sector Perform	N/A
6/10/2024	PAAS Pan American Silver	Boost Price Target	C$30.00	C$35.25 ➝ C$35.75	Outperform	N/A
6/10/2024	SAP Saputo	Boost Price Target	C$32.00	C$33.00 ➝ C$35.00	Outperform	N/A
6/10/2024	TECK.B Teck Resources	Boost Price Target	C$66.00	C$77.50 ➝ C$82.00	Outperform	N/A
6/10/2024	TXG Torex Gold Resources	Boost Price Target	C$21.00	C$27.00 ➝ C$27.50	Sector Perform	N/A
6/7/2024	TCL.A Transcontinental	Boost Price Target	C$16.00	C$18.50 ➝ C$21.00	Outperform	N/A
6/6/2024	LI American Lithium	Set Price Target	C$1.00	C$1.50	Outperform	N/A
6/6/2024	LAAC Lithium Americas (Argentina)	Set Price Target	$3.00	$6.00	Sector Perform	Low
6/6/2024	LAC Lithium Americas	Set Price Target	C$4.00	C$7.00	Sector Perform	N/A
6/5/2024	TWM Tidewater Midstream and Infrastructure	Set Price Target	C$1.00	C$0.85	Sector Perform	N/A
6/4/2024	CVO Coveo Solutions	Lower Price Target	C$7.00	C$14.00 ➝ C$10.00	Outperform	N/A
6/3/2024	DOO BRP	Lower Price Target	C$100.00	C$112.00 ➝ C$109.00	Outperform	N/A
6/3/2024	CWB Canadian Western Bank	Lower Price Target	C$47.00	C$37.00 ➝ C$30.00	Outperform	N/A
6/3/2024	EFX Enerflex	Downgrade	C$8.00	C$10.00 ➝ C$9.00	Outperform ➝ Sector Perform	N/A
6/3/2024	LB Laurentian Bank of Canada	Lower Price Target	C$27.00	C$27.00 ➝ C$26.00	Underperform	N/A
5/31/2024	CM Canadian Imperial Bank of Commerce	Boost Price Target	C$71.00	C$76.00 ➝ C$78.00	Outperform	N/A
5/31/2024	CMG Computer Modelling Group	Boost Price Target	C$14.00	C$12.50 ➝ C$14.00	Outperform	N/A
5/31/2024	RY Royal Bank of Canada	Boost Price Target	C$153.00	C$154.00 ➝ C$161.00	Outperform	N/A
5/30/2024	ALA AltaGas	Boost Price Target	C$33.00	C$33.00 ➝ C$35.00	Outperform	N/A
5/30/2024	BMO Bank of Montreal	Lower Price Target	C$121.00	C$143.00 ➝ C$136.00	Outperform	N/A