National Bank of Canada (TSE:NA) Given New C$137.00 Price Target at Cormark

National Bank of Canada (TSE:NA - Get Free Report) had its target price cut by research analysts at Cormark from C$139.00 to C$137.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Cormark's price objective points to a potential upside of 15.49% from the stock's previous close.

NA has been the subject of a number of other research reports. Scotiabank cut their target price on shares of National Bank of Canada from C$154.00 to C$125.00 and set a "sector perform" rating for the company in a research note on Thursday, February 20th. TD Securities cut their target price on shares of National Bank of Canada from C$135.00 to C$131.00 and set a "hold" rating for the company in a research note on Thursday. CIBC cut their target price on shares of National Bank of Canada from C$141.00 to C$135.00 in a research note on Tuesday, February 18th. Desjardins cut their target price on shares of National Bank of Canada from C$140.00 to C$136.00 and set a "hold" rating for the company in a research note on Thursday. Finally, Canaccord Genuity Group lifted their target price on shares of National Bank of Canada from C$135.00 to C$142.00 in a research note on Thursday, December 5th. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of C$137.20.

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National Bank of Canada Price Performance

Shares of TSE:NA traded down C$1.78 during trading on Thursday, reaching C$118.63. The stock had a trading volume of 2,172,605 shares, compared to its average volume of 1,753,081. National Bank of Canada has a 52 week low of C$105.43 and a 52 week high of C$141.15. The business's 50-day moving average price is C$128.77 and its 200 day moving average price is C$129.06. The stock has a market capitalization of C$46.25 billion, a PE ratio of 10.52, a P/E/G ratio of 7.14 and a beta of 1.12.

Insiders Place Their Bets

In other National Bank of Canada news, Director Macky Tall bought 4,182 shares of the stock in a transaction on Monday, March 3rd. The stock was purchased at an average price of C$119.14 per share, with a total value of C$498,243.48. Also, insider Marie-Chantal Gingras sold 600 shares of National Bank of Canada stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of C$132.79, for a total transaction of C$79,674.00. In the last 90 days, insiders acquired 10,526 shares of company stock valued at $1,262,020. Company insiders own 0.21% of the company's stock.

National Bank of Canada Company Profile

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.