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
9/6/2024	ATD Alimentation Couche-Tard	Lower Price Target	C$77.00	C$86.00 ➝ C$85.00		N/A
9/6/2024	PPTA Perpetua Resources	Set Price Target	C$12.00	C$19.00	Outperform	N/A
9/4/2024	CCO Cameco	Set Price Target	C$50.00	C$74.00	Outperform	N/A
9/4/2024	DML Denison Mines	Set Price Target	C$2.00	C$3.50	Outperform	N/A
9/4/2024	NXE NexGen Energy	Set Price Target	C$7.00	C$11.00	Outperform	N/A
9/4/2024	NWH.UN NorthWest Health Prop Real Est Inv Trust	Set Price Target	C$5.00	C$5.50	Sector Perform	N/A
8/30/2024	CM Canadian Imperial Bank of Commerce	Boost Price Target	C$80.00	C$78.00 ➝ C$86.00	Outperform	N/A
8/29/2024	EMP.A Empire	Boost Price Target	C$38.00	C$41.00 ➝ C$42.00		N/A
8/29/2024	RY Royal Bank of Canada	Boost Price Target	C$164.00	C$160.00 ➝ C$169.00		N/A
8/29/2024	SIA Sienna Senior Living	Set Price Target	C$16.00	C$17.50	Outperform	N/A
8/28/2024	BMO Bank of Montreal	Lower Price Target	C$112.00	C$131.00 ➝ C$127.00	Outperform	N/A
8/27/2024	ATD Alimentation Couche-Tard	Boost Price Target	C$77.00	C$84.00 ➝ C$86.00	Sector Perform	N/A
8/27/2024	HPS.A Hammond Power Solutions	Boost Price Target	C$108.00	C$164.00 ➝ C$170.00	Outperform	N/A
8/26/2024	VNP 5N Plus	Boost Price Target	C$7.00	C$6.50 ➝ C$8.00	Outperform	N/A
8/23/2024	ALA AltaGas	Boost Price Target	C$34.00	C$36.00 ➝ C$39.00	Outperform	N/A
8/23/2024	ACO.X ATCO	Boost Price Target	C$45.00	C$40.00 ➝ C$45.00	Sector Perform	N/A
8/23/2024	CU Canadian Utilities	Boost Price Target	C$35.00	C$34.00 ➝ C$37.00		N/A
8/23/2024	CPX Capital Power	Boost Price Target	C$46.00	C$44.00 ➝ C$47.00	Outperform	N/A
8/23/2024	EMA Emera	Boost Price Target	C$51.00	C$49.00 ➝ C$54.00	Sector Perform	N/A
8/23/2024	ENB Enbridge	Boost Price Target	C$55.00	C$53.00 ➝ C$57.00	Sector Perform	N/A
8/23/2024	FTS Fortis	Boost Price Target	C$61.00	C$56.00 ➝ C$62.00	Sector Perform	N/A
8/23/2024	GEI Gibson Energy	Boost Price Target	C$22.00	C$25.00 ➝ C$26.00	Outperform	N/A
8/23/2024	H Hydro One	Boost Price Target	C$46.00	C$40.00 ➝ C$45.00	Sector Perform	N/A
8/23/2024	KEY Keyera	Boost Price Target	C$41.00	C$36.00 ➝ C$38.00	Sector Perform	N/A
8/23/2024	PPL Pembina Pipeline	Boost Price Target	C$55.00	C$53.00 ➝ C$57.00	Sector Perform	N/A
8/23/2024	TRP TC Energy	Boost Price Target	C$63.00	C$60.00 ➝ C$65.00	Outperform	N/A
8/23/2024	TD Toronto-Dominion Bank	Upgrade	C$82.00	C$74.00 ➝ C$78.00	Underperform ➝ Sector Perform	N/A
8/23/2024	TA TransAlta	Boost Price Target	C$12.00	C$14.00 ➝ C$15.00	Outperform	N/A
8/22/2024	DOL Dollarama	Boost Price Target	C$128.00	C$132.00 ➝ C$141.00	Outperform	N/A
8/21/2024	DOO BRP	Downgrade	C$85.00	C$109.00 ➝ C$100.00	Outperform ➝ Sector Perform	N/A
8/20/2024	IMG IAMGOLD	Boost Price Target	C$7.00	C$7.00 ➝ C$8.50	Sector Perform	N/A
8/20/2024	WDO Wesdome Gold Mines	Boost Price Target	C$12.00	C$17.25 ➝ C$17.50	Outperform	N/A
8/19/2024	TPZ Topaz Energy	Boost Price Target	C$25.00	C$28.50 ➝ C$32.50		N/A
8/19/2024	WSP WSP Global	Set Price Target	C$223.00	C$251.00 ➝ C$255.00	Outperform	N/A
8/16/2024	BMO Bank of Montreal	Lower Price Target	C$112.00	C$136.00 ➝ C$131.00	Outperform	N/A
8/16/2024	CHE.UN Chemtrade Logistics Income Fund	Boost Price Target	C$10.00	C$13.50 ➝ C$14.00	Outperform	N/A
8/16/2024	RY Royal Bank of Canada	Lower Price Target	C$164.00	C$161.00 ➝ C$160.00	Outperform	N/A
8/16/2024	LCFS Tidewater Renewables	Downgrade	C$3.00	C$12.00 ➝ C$3.50	Sector Perform ➝ Underperform	N/A
8/16/2024	TD Toronto-Dominion Bank	Lower Price Target	C$82.00	C$75.00 ➝ C$74.00	Underperform	N/A
8/15/2024	CHR Chorus Aviation	Boost Price Target	C$3.00	C$3.65 ➝ C$3.85		N/A
8/15/2024	FNV Franco-Nevada	Lower Price Target	C$160.00	C$200.00 ➝ C$195.00		N/A
8/15/2024	H Hydro One	Boost Price Target	C$46.00	C$39.00 ➝ C$40.00		N/A
8/15/2024	MRU Metro	Boost Price Target	C$85.00	C$85.00 ➝ C$88.00		N/A
8/15/2024	SPB Superior Plus	Lower Price Target	C$8.00	C$10.00 ➝ C$9.00		N/A
8/15/2024	TVK TerraVest Industries	Boost Price Target	C$94.00	C$89.00 ➝ C$104.00		N/A
8/14/2024	ACQ AutoCanada	Lower Price Target	C$14.00	C$20.00 ➝ C$17.00	Sector Perform	N/A
8/14/2024	EFN Element Fleet Management	Boost Price Target	C$27.00	C$33.00 ➝ C$34.00	Outperform	N/A
8/14/2024	HBM Hudbay Minerals	Lower Price Target	C$9.00	C$17.00 ➝ C$15.50	Outperform	N/A
8/14/2024	LUG Lundin Gold	Boost Price Target	C$26.00	C$30.75 ➝ C$32.00	Outperform	N/A
8/13/2024	BLDP Ballard Power Systems	Lower Price Target	$2.00	$4.00 ➝ $3.00	Sector Perform	Low
8/13/2024	CR Crew Energy	Downgrade	C$7.00	C$5.00 ➝ C$6.75	Sector Perform ➝ Tender	N/A
8/13/2024	DBM Doman Building Materials Group	Lower Price Target	C$7.00	C$10.50 ➝ C$8.50	Outperform	N/A
8/13/2024	SLF Sun Life Financial	Boost Price Target	C$74.00	C$72.00 ➝ C$73.00	Sector Perform	N/A
8/13/2024	TOU Tourmaline Oil	Boost Price Target	C$60.00	C$70.00 ➝ C$72.50	Outperform	N/A
8/12/2024	ADEN ADENTRA	Boost Price Target	C$39.00	C$53.00 ➝ C$57.00	Outperform	N/A
8/12/2024	CCL.B CCL Industries	Boost Price Target	C$80.00	C$84.00 ➝ C$87.00	Outperform	N/A
8/12/2024	LAS.A Lassonde Industries	Boost Price Target	C$170.00	C$181.00 ➝ C$187.00	Outperform	N/A
8/12/2024	SAP Saputo	Lower Price Target	C$30.00	C$36.00 ➝ C$35.00	Outperform	N/A
8/9/2024	BYD Boyd Group Services	Lower Price Target	C$220.00	C$310.00 ➝ C$270.00		N/A
8/9/2024	CTC.A Canadian Tire	Boost Price Target	C$156.00	C$146.00 ➝ C$158.00		N/A
8/9/2024	MFI Maple Leaf Foods	Lower Price Target	C$22.00	C$29.00 ➝ C$28.00		N/A
8/9/2024	PBH Premium Brands	Lower Price Target	C$87.00	C$111.00 ➝ C$101.00		N/A
8/8/2024	ECN ECN Capital	Boost Price Target	C$2.00	C$2.25 ➝ C$2.50		N/A
8/8/2024	GDI GDI Integrated Facility Services	Lower Price Target	C$35.00	C$41.50 ➝ C$38.50		N/A
8/8/2024	SIS Savaria	Boost Price Target	C$20.00	C$21.00 ➝ C$22.00		N/A
8/8/2024	SU Suncor Energy	Boost Price Target	C$51.00	C$75.00 ➝ C$77.00		N/A
8/7/2024	RAY.A Stingray Group	Boost Price Target	C$7.00	C$9.50 ➝ C$10.00	Outperform	N/A
8/6/2024	ACO.X ATCO	Boost Price Target	C$45.00	C$39.00 ➝ C$40.00	Sector Perform	N/A
8/6/2024	CU Canadian Utilities	Boost Price Target	C$35.00	C$33.00 ➝ C$34.00	Sector Perform	N/A
8/6/2024	DFY Definity Financial	Boost Price Target	C$50.00	C$60.00 ➝ C$62.00	Outperform	N/A
8/6/2024	EMA Emera	Boost Price Target	C$51.00	C$48.00 ➝ C$49.00	Sector Perform	N/A
8/6/2024	MRU Metro	Boost Price Target	C$85.00	C$82.00 ➝ C$85.00	Sector Perform	N/A
8/2/2024	AGI Alamos Gold	Lower Price Target	C$25.00	C$26.50 ➝ C$26.00	Outperform	N/A
8/2/2024	ALA AltaGas	Boost Price Target	C$34.00	C$35.00 ➝ C$36.00	Outperform	N/A
8/2/2024	CVE Cenovus Energy	Boost Price Target	C$23.00	C$36.00 ➝ C$38.00	Outperform	N/A
8/2/2024	CIGI Colliers International Group	Boost Price Target	$140.00	$125.00 ➝ $137.00	Sector Perform	Low
8/2/2024	GIL Gildan Activewear	Boost Price Target	C$60.00	C$57.00 ➝ C$58.00	Outperform	N/A
8/2/2024	NFI NFI Group	Boost Price Target	C$18.00	C$21.00 ➝ C$22.00	Outperform	N/A
8/2/2024	NOA North American Construction Group	Lower Price Target	C$24.00	C$47.00 ➝ C$39.00	Outperform	N/A
8/2/2024	OTEX Open Text	Downgrade	$31.00	$38.00	Outperform ➝ Sector Perform	Low
8/2/2024	PKI Parkland	Lower Price Target	C$36.00	C$49.00 ➝ C$48.00	Outperform	N/A
8/2/2024	REAL Real Matters	Downgrade	C$8.00	C$8.00	Outperform ➝ Sector Perform	N/A
8/2/2024	RUS Russel Metals	Lower Price Target	C$36.00	C$47.00 ➝ C$46.00	Outperform	N/A
8/2/2024	TRP TC Energy	Boost Price Target	C$63.00	C$58.00 ➝ C$60.00	Outperform	N/A
8/2/2024	TRI Thomson Reuters	Boost Price Target	C$226.00	C$219.00 ➝ C$231.00	Sector Perform	N/A
8/1/2024	AP.UN Allied Properties Real Estate Investment Trust	Lower Price Target	C$17.00	C$18.50 ➝ C$18.00	Sector Perform	N/A
8/1/2024	CPX Capital Power	Boost Price Target	C$46.00	C$43.00 ➝ C$44.00		N/A
8/1/2024	GIB.A CGI	Boost Price Target	C$152.00	C$175.00 ➝ C$185.00		N/A
8/1/2024	FTS Fortis	Boost Price Target	C$61.00	C$55.00 ➝ C$56.00	Sector Perform	N/A
8/1/2024	LEV Lion Electric	Lower Price Target	C$1.00	C$1.00 ➝ C$0.80	Underperform	N/A
8/1/2024	NGD New Gold	Boost Price Target	C$3.00	C$4.00 ➝ C$4.25	Outperform	N/A
8/1/2024	TF Timbercreek Financial	Boost Price Target	C$8.00	C$7.50 ➝ C$8.00		N/A
8/1/2024	TIH Toromont Industries	Boost Price Target	C$121.00	C$132.00 ➝ C$135.00	Outperform	N/A
8/1/2024	WSP WSP Global	Boost Price Target	C$223.00	C$234.00 ➝ C$251.00	Outperform	N/A
7/31/2024	CHR Chorus Aviation	Boost Price Target	C$3.00	C$3.25 ➝ C$3.65	Outperform	N/A
7/31/2024	MFC Manulife Financial	Boost Price Target	C$37.00	C$38.00 ➝ C$43.00	Outperform	N/A
7/31/2024	SES Secure Energy Services	Boost Price Target	C$11.00	C$13.00 ➝ C$14.00		N/A
7/31/2024	RAY.A Stingray Group	Boost Price Target	C$7.00	C$9.00 ➝ C$9.50	Outperform	N/A
7/30/2024	CAE CAE	Lower Price Target	C$24.00	C$31.00 ➝ C$29.00	Outperform	N/A
7/29/2024	ARE Aecon Group	Upgrade	C$19.00	C$17.00 ➝ C$20.50	Sector Perform ➝ Outperform	N/A