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
3/24/2023	BBD.B Bombardier, Inc. Class B	Boost Price Target	C$65.00	C$72.00 ➝ C$79.00	Sector Perform	N/A
3/24/2023	DOO BRP	Boost Price Target	C$104.00	C$139.00 ➝ C$143.00	Outperform	N/A
3/24/2023	GUD Knight Therapeutics	Lower Price Target	C$4.00	C$7.75 ➝ C$6.00		N/A
3/24/2023	PRV.UN PRO Real Estate Investment Trust	Lower Price Target	C$2.00	C$6.75 ➝ C$6.25	Sector Perform	N/A
3/23/2023	BYD Boyd Group Services	Upgrade	C$211.00	C$220.00 ➝ C$250.00	Sector Perform ➝ Outperform	N/A
3/23/2023	ECN ECN Capital	Lower Price Target	C$3.00	C$5.00 ➝ C$4.50	Outperform	N/A
3/23/2023	FVI Fortuna Silver Mines	Boost Price Target	C$5.00	C$5.75 ➝ C$6.00	Sector Perform	N/A
3/22/2023	CJR.B Corus Entertainment	Lower Price Target	C$2.00	C$2.75 ➝ C$2.50	Sector Perform	N/A
3/21/2023	RCH Richelieu Hardware	Lower Price Target	C$37.00	C$54.00 ➝ C$49.00		N/A
3/20/2023	ATD Alimentation Couche-Tard	Boost Price Target	C$65.00	C$68.00 ➝ C$71.00	Outperform	N/A
3/20/2023	POW Power Co. of Canada	Boost Price Target	C$35.00	C$38.00 ➝ C$40.00	Sector Perform	N/A
3/17/2023	CTS Converge Technology Solutions	Lower Price Target	C$4.00	C$8.00 ➝ C$7.00	Outperform	N/A
3/17/2023	SIS Savaria	Lower Price Target	C$16.00	C$19.00 ➝ C$18.50	Outperform	N/A
3/16/2023	BIR Birchcliff Energy	Lower Price Target	C$8.00	C$12.00 ➝ C$11.00	Outperform	N/A
3/16/2023	NXR.UN Nexus Industrial REIT	Lower Price Target	C$10.00	C$11.25 ➝ C$11.00	Sector Perform	N/A
3/16/2023	TNT.UN True North Commercial REIT	Lower Price Target	C$4.00	C$5.50 ➝ C$4.50	Sector Perform	N/A
3/15/2023	FFH Fairfax Financial	Boost Price Target	C$900.00	C$1,200.00 ➝ C$1,300.00	Outperform	N/A
3/14/2023	MTL Mullen Group	Set Price Target	C$14.00	C$18.50	Outperform	N/A
3/13/2023	HOM.U Bsr Real Estate Investment Trust	Boost Price Target	C$13.00	C$16.00 ➝ C$16.50	Outperform	N/A
3/13/2023	DXT Dexterra Group	Lower Price Target	C$5.00	C$10.00 ➝ C$8.50	Outperform	N/A
3/13/2023	LEV Lion Electric	Lower Price Target	$2.00	$3.50 ➝ $3.00	Outperform	Low
3/13/2023	WPM Wheaton Precious Metals	Lower Price Target	C$65.00	C$68.00 ➝ C$65.00	Outperform	N/A
3/10/2023	AD.UN Alaris Equity Partners Income Trust (AD.UN)	Boost Price Target	C$17.00	C$21.50 ➝ C$23.00	Outperform	N/A
3/10/2023	EMP.A Empire	Lower Price Target	C$34.00	C$40.00 ➝ C$38.00	Outperform	N/A
3/10/2023	GRT.UN Granite Real Estate Investment Trust	Boost Price Target	C$80.00	C$91.00 ➝ C$93.00	Outperform	N/A
3/10/2023	SCL Shawcor	Lower Price Target	C$12.00	C$18.00 ➝ C$17.50	Outperform	N/A
3/10/2023	TWM Tidewater Midstream and Infrastructure	Downgrade	C$1.00	C$1.50 ➝ C$1.10	Outperform ➝ Sector Perform	N/A
3/10/2023	LCFS Tidewater Renewables	Lower Price Target	C$8.00	C$19.50 ➝ C$16.50	Outperform	N/A
3/10/2023	TRZ Transat A.T.	Boost Price Target	C$3.00	C$2.50 ➝ C$3.00	Underperform	N/A
3/10/2023	WSP WSP Global	Boost Price Target	C$170.00	C$185.00 ➝ C$195.00	Outperform	N/A
3/9/2023	ATD Alimentation Couche-Tard	Boost Price Target	C$65.00	C$67.00 ➝ C$68.00	Outperform	N/A
3/9/2023	CHE.UN Chemtrade Logistics Income Fund	Set Price Target	C$8.00	C$12.25	Outperform	N/A
3/9/2023	ERO Ero Copper	Boost Price Target	C$23.00	C$22.00 ➝ C$24.50	Sector Perform	N/A
3/9/2023	TCL.A Transcontinental	Downgrade	C$13.00	C$19.00 ➝ C$16.00	Outperform ➝ Sector Perform	N/A
3/8/2023	EFN Element Fleet Management	Boost Price Target	C$18.00	C$24.00 ➝ C$28.00	Outperform	N/A
3/8/2023	IIP.UN Interrent Real Estate Investment Trust	Boost Price Target	C$13.00	C$15.75 ➝ C$16.00	Outperform	N/A
3/8/2023	FORA VerticalScope	Lower Price Target	C$6.00	C$11.00 ➝ C$10.00	Outperform	N/A
3/7/2023	AQN Algonquin Power & Utilities	Lower Price Target	C$11.00	C$11.00 ➝ C$10.00		N/A
3/7/2023	ARR Altius Renewable Royalties	Lower Price Target	C$8.00	C$13.50 ➝ C$11.73		N/A
3/7/2023	BLX Boralex	Lower Price Target	C$39.00	C$47.00 ➝ C$42.00	Outperform	N/A
3/7/2023	BEP Brookfield Renewable Partners	Lower Price Target	$29.00	$33.00 ➝ $31.00		Low
3/7/2023	CJT Cargojet	Lower Price Target	C$107.00	C$147.00 ➝ C$140.00	Sector Perform	N/A
3/7/2023	FM First Quantum Minerals	Boost Price Target	C$28.00	C$29.00 ➝ C$36.00	Sector Perform	N/A
3/7/2023	INE Innergex Renewable Energy	Lower Price Target	C$14.00	C$23.00 ➝ C$20.00	Outperform	N/A
3/7/2023	NPI Northland Power	Lower Price Target	C$33.00	C$44.00 ➝ C$40.00	Outperform	N/A
3/7/2023	PIF Polaris Renewable Energy	Lower Price Target	C$13.00	C$21.00 ➝ C$20.00	Outperform	N/A
3/7/2023	RNW TransAlta Renewables	Lower Price Target	C$12.00	C$14.25 ➝ C$12.75	Sector Perform	N/A
3/6/2023	PLC Park Lawn	Boost Price Target	C$28.00	C$32.00 ➝ C$32.50	Outperform	N/A
3/6/2023	PKI Parkland	Boost Price Target	C$31.00	C$36.00 ➝ C$37.00	Outperform	N/A
3/6/2023	SES Secure Energy Services	Downgrade	C$6.00	C$10.00 ➝ C$8.00	Outperform ➝ Sector Perform	N/A
3/6/2023	ZZZ Sleep Country Canada	Boost Price Target	C$23.00	C$28.00 ➝ C$29.00	Sector Perform	N/A
3/3/2023	ACQ AutoCanada	Lower Price Target	C$18.00	C$27.00 ➝ C$26.00	Sector Perform	N/A
3/3/2023	CNQ Canadian Natural Resources	Lower Price Target	C$71.00	C$105.00 ➝ C$100.00	Outperform	N/A
3/3/2023	CPG Crescent Point Energy	Lower Price Target	C$9.00	C$15.00 ➝ C$14.50	Outperform	N/A
3/2/2023	AX.UN Artis Real Estate Investment Trust Unit	Lower Price Target	C$8.00	C$9.50 ➝ C$9.00	Sector Perform	N/A
3/2/2023	DOO BRP	Boost Price Target	C$104.00	C$130.00 ➝ C$139.00	Outperform	N/A
3/2/2023	CPX Capital Power	Lower Price Target	C$41.00	C$53.00 ➝ C$51.00	Outperform	N/A
3/2/2023	EFX Enerflex	Boost Price Target	C$7.00	C$10.75 ➝ C$11.50	Sector Perform	N/A
3/2/2023	NFI NFI Group	Lower Price Target	C$8.00	C$14.00 ➝ C$13.00	Sector Perform	N/A
3/2/2023	RY Royal Bank of Canada	Lower Price Target	C$127.00	C$147.00 ➝ C$145.00	Outperform	N/A
3/2/2023	TSU Trisura Group	Lower Price Target	C$32.00	C$69.00 ➝ C$62.00	Outperform	N/A
3/1/2023	BMO Bank of Montreal	Lower Price Target	C$116.00	C$135.00 ➝ C$133.00	Sector Perform	N/A
3/1/2023	BTE Baytex Energy	Boost Price Target	C$5.00	C$7.75 ➝ C$8.50	Sector Perform	N/A
3/1/2023	FN First National Financial	Boost Price Target	C$38.00	C$36.00 ➝ C$37.00	Sector Perform	N/A
3/1/2023	BNS Bank of Nova Scotia	Lower Price Target	C$66.00	C$75.00 ➝ C$72.00		N/A
2/28/2023	CM Canadian Imperial Bank of Commerce	Boost Price Target	C$57.00	C$62.00 ➝ C$64.00		N/A
2/28/2023	BTO B2Gold	Lower Price Target	C$5.00	C$6.75 ➝ C$6.50	Outperform	N/A
2/28/2023	ELD Eldorado Gold	Lower Price Target	C$14.00	C$14.00 ➝ C$13.50	Sector Perform	N/A
2/28/2023	TRI Thomson Reuters	Downgrade	C$175.00	C$170.00	Outperform ➝ Sector Perform	N/A
2/27/2023	BEI.UN Boardwalk REIT	Boost Price Target	C$54.00	C$65.00 ➝ C$68.00	Outperform	N/A
2/24/2023	AGI Alamos Gold	Boost Price Target	C$16.00	C$18.00 ➝ C$18.25	Outperform	N/A
2/24/2023	CAR.UN Canadian Apartment Properties REIT	Boost Price Target	C$46.00	C$55.00 ➝ C$56.00	Outperform	N/A
2/24/2023	EMA Emera	Boost Price Target	C$55.00	C$52.00 ➝ C$53.00		N/A
2/24/2023	EIF Exchange Income	Lower Price Target	C$51.00	C$67.00 ➝ C$65.00	Outperform	N/A
2/24/2023	LUN Lundin Mining	Upgrade	C$8.00	C$9.00 ➝ C$8.75	Underperform ➝ Sector Perform	N/A
2/24/2023	STN Stantec	Boost Price Target	C$76.00	C$78.00 ➝ C$89.00		N/A
2/24/2023	STLC Stelco	Boost Price Target	C$52.00	C$49.00 ➝ C$51.00		N/A
2/24/2023	TA TransAlta	Lower Price Target	C$11.00	C$15.00 ➝ C$14.00		N/A
2/23/2023	VNP 5N Plus	Boost Price Target	C$3.00	C$3.75 ➝ C$4.00	Outperform	N/A
2/23/2023	GIL Gildan Activewear	Boost Price Target	C$44.00	C$45.00 ➝ C$46.00	Outperform	N/A
2/23/2023	OGC OceanaGold	Lower Price Target	C$3.00	C$4.00 ➝ C$3.75	Outperform	N/A
2/23/2023	SSL Sandstorm Gold	Lower Price Target	C$8.00	C$9.00 ➝ C$8.00	Outperform	N/A
2/23/2023	TF Timbercreek Financial	Boost Price Target	C$8.00	C$8.25 ➝ C$8.50	Sector Perform	N/A
2/23/2023	WCP Whitecap Resources	Boost Price Target	C$10.00	C$15.00 ➝ C$15.50	Outperform	N/A
2/22/2023	BMO Bank of Montreal	Boost Price Target	C$116.00	C$134.00 ➝ C$135.00		N/A
2/22/2023	ABX Barrick Gold	Lower Price Target	C$25.00	C$29.00 ➝ C$28.00	Sector Perform	N/A
2/22/2023	CM Canadian Imperial Bank of Commerce	Boost Price Target	C$57.00	C$61.00 ➝ C$62.00		N/A
2/22/2023	CHE.UN Chemtrade Logistics Income Fund	Boost Price Target	C$8.00	C$12.00 ➝ C$12.25	Outperform	N/A
2/22/2023	GIP Green Impact Partners	Boost Price Target	C$8.00	C$12.00 ➝ C$15.00	Outperform	N/A
2/22/2023	RBA Ritchie Bros. Auctioneers	Boost Price Target	$54.00	$62.00 ➝ $63.00	Sector Perform	Low
2/22/2023	RY Royal Bank of Canada	Boost Price Target	C$127.00	C$145.00 ➝ C$147.00		N/A
2/22/2023	TD Toronto-Dominion Bank	Boost Price Target	C$78.00	C$100.00 ➝ C$102.00		N/A
2/21/2023	AEM Agnico Eagle Mines	Lower Price Target	C$71.00	C$88.00 ➝ C$76.00	Outperform	N/A
2/21/2023	D.UN Dream Office Real Estate Investment Trst	Boost Price Target	C$14.00	C$18.00 ➝ C$18.50	Sector Perform	N/A
2/21/2023	DPM Dundee Precious Metals	Boost Price Target	C$10.00	C$11.50 ➝ C$12.50	Outperform	N/A
2/21/2023	KMP.UN Killam Apartment REIT	Boost Price Target	C$17.00	C$21.50 ➝ C$21.75	Outperform	N/A
2/21/2023	K Kinross Gold	Lower Price Target	C$6.00	C$8.50 ➝ C$8.00	Outperform	N/A
2/17/2023	CTC.A Canadian Tire	Boost Price Target	C$168.00	C$164.00 ➝ C$195.00	Outperform	N/A
2/17/2023	CHR Chorus Aviation	Lower Price Target	C$3.00	C$4.80 ➝ C$4.50	Outperform	N/A
2/17/2023	MTY MTY Food Group	Boost Price Target	C$61.00	C$67.00 ➝ C$73.00	Outperform	N/A