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
4/24/2024	AP.UN Allied Properties Real Estate Investment	Lower Price Target	C$17.00	C$20.00 ➝ C$19.00	Outperform	N/A
4/24/2024	BEI.UN Boardwalk REIT	Lower Price Target	C$73.00	C$87.00 ➝ C$86.50	Outperform	N/A
4/24/2024	HOM.UN BSR Real Estate Investment Trust	Lower Price Target	C$15.00	C$13.25 ➝ C$12.50	Outperform	N/A
4/24/2024	BTB.UN BTB Real Estate Investment Trust	Lower Price Target	C$3.00	C$3.15 ➝ C$3.05	Sector Perform	N/A
4/24/2024	CAR.UN Canadian Apartment Properties REIT	Lower Price Target	C$43.00	C$60.00 ➝ C$56.00	Outperform	N/A
4/24/2024	CEU CES Energy Solutions	Boost Price Target	C$5.00	C$4.75 ➝ C$6.50	Sector Perform	N/A
4/24/2024	CRR.UN Crombie Real Estate Investment Trust	Lower Price Target	C$13.00	C$15.00 ➝ C$14.25	Outperform	N/A
4/24/2024	DIR.UN Dream Industrial Real Estate Invest Trst	Lower Price Target	C$13.00	C$16.50 ➝ C$16.00	Outperform	N/A
4/24/2024	D.UN Dream Office Real Estate Investment Trst	Lower Price Target	C$19.00	C$19.00 ➝ C$18.75	Outperform	N/A
4/24/2024	FCR.UN First Capital Realty	Lower Price Target	C$15.00	C$17.50 ➝ C$17.25	Outperform	N/A
4/24/2024	GRT.UN Granite Real Estate Investment Trust	Lower Price Target	C$69.00	C$87.00 ➝ C$85.00	Outperform	N/A
4/24/2024	IIP.UN Interrent Real Estate Investment Trust	Lower Price Target	C$12.00	C$15.50 ➝ C$14.00	Outperform	N/A
4/24/2024	KMP.UN Killam Apartment REIT	Lower Price Target	C$17.00	C$22.75 ➝ C$21.50	Outperform	N/A
4/24/2024	MI.UN Minto Apartment Real Estate Invt Trust	Lower Price Target	C$15.00	C$20.00 ➝ C$18.75	Outperform	N/A
4/24/2024	NXR.UN Nexus Industrial REIT	Lower Price Target	C$7.00	C$8.50 ➝ C$7.50	Sector Perform	N/A
4/24/2024	PRV.UN PRO Real Estate Investment Trust	Lower Price Target	C$2.00	C$6.00 ➝ C$5.50	Sector Perform	N/A
4/24/2024	REI.UN RioCan Real Estate Investment Trust	Lower Price Target	C$18.00	C$21.00 ➝ C$20.50	Outperform	N/A
4/24/2024	SRU.UN SmartCentres Real Estate Investment Trst	Lower Price Target	C$22.00	C$26.00 ➝ C$23.50	Sector Perform	N/A
4/24/2024	SVI StorageVault Canada	Lower Price Target	C$6.00	C$6.00 ➝ C$5.75	Sector Perform	N/A
4/24/2024	TNT.UN True North Commercial REIT	Lower Price Target	C$10.00	C$8.75 ➝ C$8.50	Sector Perform	N/A
4/23/2024	BOS AirBoss of America	Boost Price Target	C$5.00	C$6.00 ➝ C$6.25		N/A
4/23/2024	TRI Thomson Reuters	Downgrade	C$209.00	C$210.00 ➝ C$217.00	Outperform ➝ Sector Perform	N/A
4/22/2024	MFI Maple Leaf Foods	Set Price Target	C$24.00	C$29.00	Outperform	N/A
4/22/2024	PKI Parkland	Boost Price Target	C$43.00	C$49.00 ➝ C$52.00		N/A
4/19/2024	AAV Advantage Energy	Boost Price Target	C$10.00	C$12.00 ➝ C$12.50	Outperform	N/A
4/19/2024	AEM Agnico Eagle Mines	Lower Price Target	C$87.00	C$105.00 ➝ C$104.00	Outperform	N/A
4/19/2024	AGI Alamos Gold	Lower Price Target	C$21.00	C$27.50 ➝ C$27.00		N/A
4/19/2024	ARX ARC Resources	Boost Price Target	C$25.00	C$25.00 ➝ C$33.00	Outperform	N/A
4/19/2024	AYA Aya Gold & Silver	Boost Price Target	C$14.00	C$16.50 ➝ C$18.25	Outperform	N/A
4/19/2024	ABX Barrick Gold	Lower Price Target	C$23.00	C$30.00 ➝ C$28.00	Sector Perform	N/A
4/19/2024	CXB Calibre Mining	Lower Price Target	C$2.00	C$2.50 ➝ C$2.40		N/A
4/19/2024	CNQ Canadian Natural Resources	Boost Price Target	C$105.00	C$94.00 ➝ C$120.00	Sector Perform	N/A
4/19/2024	CVE Cenovus Energy	Boost Price Target	C$29.00	C$29.00 ➝ C$38.00	Outperform	N/A
4/19/2024	CG Centerra Gold	Boost Price Target	C$9.00	C$10.50 ➝ C$11.00		N/A
4/19/2024	CPG Crescent Point Energy	Boost Price Target	C$12.00	C$14.00 ➝ C$19.00	Outperform	N/A
4/19/2024	DPM Dundee Precious Metals	Lower Price Target	C$10.00	C$14.00 ➝ C$13.50		N/A
4/19/2024	EQX Equinox Gold	Lower Price Target	C$8.00	C$11.50 ➝ C$10.50		N/A
4/19/2024	FVI Fortuna Silver Mines	Lower Price Target	C$6.00	C$7.75 ➝ C$7.50		N/A
4/19/2024	FRU Freehold Royalties	Boost Price Target	C$14.00	C$17.00 ➝ C$18.00	Outperform	N/A
4/19/2024	HWX Headwater Exploration	Boost Price Target	C$8.00	C$9.50 ➝ C$10.50	Outperform	N/A
4/19/2024	IMG IAMGOLD	Boost Price Target	C$5.00	C$6.25 ➝ C$6.50		N/A
4/19/2024	IMO Imperial Oil	Boost Price Target	C$97.00	C$90.00 ➝ C$120.00	Sector Perform	N/A
4/19/2024	KEL Kelt Exploration	Boost Price Target	C$6.00	C$7.50 ➝ C$9.00	Outperform	N/A
4/19/2024	LUG Lundin Gold	Boost Price Target	C$19.00	C$24.50 ➝ C$24.75		N/A
4/19/2024	MAG MAG Silver	Lower Price Target	C$17.00	C$21.75 ➝ C$21.50		N/A
4/19/2024	MEG MEG Energy	Boost Price Target	C$32.00	C$32.00 ➝ C$37.00	Sector Perform	N/A
4/19/2024	MAI Minera Alamos	Lower Price Target	C$0.00	C$0.70 ➝ C$0.60		N/A
4/19/2024	NGT Newmont	Lower Price Target	C$53.00	C$71.00 ➝ C$69.00	Outperform	N/A
4/19/2024	NVA NuVista Energy	Boost Price Target	C$13.00	C$14.00 ➝ C$15.00	Sector Perform	N/A
4/19/2024	OVV Ovintiv	Boost Price Target	C$72.00	C$59.00 ➝ C$68.00	Outperform	N/A
4/19/2024	PAAS Pan American Silver	Boost Price Target	C$26.00	C$32.00 ➝ C$34.50	Outperform	N/A
4/19/2024	POU Paramount Resources	Boost Price Target	C$31.00	C$37.50 ➝ C$40.00	Outperform	N/A
4/19/2024	PSK PrairieSky Royalty	Boost Price Target	C$27.00	C$15.00 ➝ C$18.50	Outperform	N/A
4/19/2024	SDE Spartan Delta	Boost Price Target	C$4.00	C$4.50 ➝ C$5.00	Outperform	N/A
4/19/2024	SU Suncor Energy	Boost Price Target	C$54.00	C$57.00 ➝ C$75.00	Outperform	N/A
4/19/2024	TXG Torex Gold Resources	Boost Price Target	C$19.00	C$25.00 ➝ C$25.25		N/A
4/19/2024	VET Vermilion Energy	Boost Price Target	C$16.00	C$21.00 ➝ C$22.00	Outperform	N/A
4/19/2024	WDO Wesdome Gold Mines	Lower Price Target	C$11.00	C$14.75 ➝ C$14.25		N/A
4/18/2024	AIF Altus Group	Boost Price Target	C$51.00	C$50.00 ➝ C$55.00	Sector Perform	N/A
4/18/2024	LSPD Lightspeed Commerce	Lower Price Target	$14.00	$20.00 ➝ $15.00	Sector Perform	Low
4/17/2024	QBR.B Quebecor	Lower Price Target	C$29.00	C$40.00 ➝ C$38.00	Outperform	N/A
4/16/2024	BBD.B Bombardier, Inc. Class B	Boost Price Target	C$57.00	C$94.00 ➝ C$95.00	Outperform	N/A
4/16/2024	CAE CAE	Lower Price Target	C$26.00	C$34.00 ➝ C$32.00	Outperform	N/A
4/16/2024	HRX Héroux-Devtek	Boost Price Target	C$20.00	C$23.00 ➝ C$25.00	Outperform	N/A
4/15/2024	CJR.B Corus Entertainment	Downgrade	C$1.00	C$1.30 ➝ C$0.40	Outperform ➝ Underperform	N/A
4/15/2024	L Loblaw Companies	Boost Price Target	C$152.00	C$153.00 ➝ C$156.00	Outperform	N/A
4/15/2024	MTY MTY Food Group	Lower Price Target	C$48.00	C$59.00 ➝ C$57.00	Outperform	N/A
4/11/2024	CAS Cascades	Lower Price Target	C$9.00	C$13.50 ➝ C$11.00		N/A
4/10/2024	HPS.A Hammond Power Solutions	Set Price Target	C$136.00	C$164.00	Sector Perform	N/A
4/10/2024	STLC Stelco	Lower Price Target	C$40.00	C$55.00 ➝ C$54.00	Outperform	N/A
4/9/2024	RCI.B Rogers Communications	Lower Price Target	C$52.00	C$78.00 ➝ C$76.00	Outperform	N/A
4/5/2024	DOL Dollarama	Boost Price Target	C$116.00	C$112.00 ➝ C$120.00		N/A
4/4/2024	CNR Canadian National Railway	Boost Price Target	C$168.00	C$172.00 ➝ C$190.00		N/A
4/4/2024	CP Canadian Pacific Kansas City	Boost Price Target	C$112.00	C$112.00 ➝ C$121.00		N/A
4/1/2024	DOO BRP	Boost Price Target	C$95.00	C$105.00 ➝ C$112.00		N/A
3/28/2024	PVT Pivotree	Lower Price Target	C$2.00	C$3.50 ➝ C$3.00	Outperform	N/A
3/27/2024	TFII TFI International	Boost Price Target	C$192.00	C$209.00 ➝ C$222.00	Sector Perform	N/A
3/25/2024	BCE BCE	Lower Price Target	C$45.00	C$55.00 ➝ C$53.00	Outperform	N/A
3/25/2024	LAS.A Lassonde Industries	Boost Price Target	C$145.00	C$173.00 ➝ C$174.00	Outperform	N/A
3/25/2024	T TELUS	Lower Price Target	C$22.00	C$27.00 ➝ C$26.00	Outperform	N/A
3/22/2024	ATD Alimentation Couche-Tard	Downgrade	C$78.00	C$89.00 ➝ C$83.00	Outperform ➝ Sector Perform	N/A
3/22/2024	ECN ECN Capital	Lower Price Target	C$2.00	C$2.75 ➝ C$2.00	Sector Perform	N/A
3/22/2024	PRV.UN PRO Real Estate Investment Trust	Boost Price Target	C$2.00	C$5.75 ➝ C$6.00	Sector Perform	N/A
3/21/2024	POW Power Co. of Canada	Boost Price Target	C$37.00	C$39.00 ➝ C$41.00		N/A
3/20/2024	GIL Gildan Activewear	Boost Price Target	C$49.00	C$52.00 ➝ C$58.00	Outperform	N/A
3/19/2024	DOO BRP	Lower Price Target	C$95.00	C$107.00 ➝ C$105.00	Outperform	N/A
3/18/2024	TCL.A Transcontinental	Boost Price Target	C$14.00	C$18.00 ➝ C$18.50	Outperform	N/A
3/15/2024	EMP.A Empire	Lower Price Target	C$32.00	C$41.00 ➝ C$40.00		N/A
3/15/2024	NXR.UN Nexus Industrial REIT	Lower Price Target	C$7.00	C$8.75 ➝ C$8.50		N/A
3/15/2024	NOA North American Construction Group	Boost Price Target	C$29.00	C$43.00 ➝ C$46.00		N/A
3/15/2024	TWM Tidewater Midstream and Infrastructure	Lower Price Target	C$1.00	C$1.10 ➝ C$1.00		N/A
3/15/2024	TRZ Transat A.T.	Lower Price Target	C$4.00	C$3.25 ➝ C$3.00		N/A
3/14/2024	JWEL Jamieson Wellness	Lower Price Target	C$26.00	C$38.50 ➝ C$36.00		N/A
3/13/2024	DOL Dollarama	Boost Price Target	C$116.00	C$108.00 ➝ C$112.00		N/A
3/13/2024	PLC Park Lawn	Lower Price Target	C$16.00	C$22.00 ➝ C$21.00		N/A
3/12/2024	DBM Doman Building Materials Group	Boost Price Target	C$8.00	C$8.50 ➝ C$10.00		N/A
3/12/2024	FVI Fortuna Silver Mines	Lower Price Target	C$6.00	C$5.35 ➝ C$5.00		N/A
3/8/2024	ACQ AutoCanada	Lower Price Target	C$24.00	C$24.50 ➝ C$22.00	Sector Perform	N/A
3/8/2024	KPT KP Tissue	Lower Price Target	C$8.00	C$9.50 ➝ C$9.00		N/A
3/8/2024	MI.UN Minto Apartment Real Estate Invt Trust	Boost Price Target	C$15.00	C$19.25 ➝ C$20.00	Outperform	N/A