National Bank of Canada (TSE:NA) Downgraded by Barclays to "Hold"

National Bank of Canada (TSE:NA - Get Free Report) was downgraded by analysts at Barclays from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on NA. Cibc World Mkts downgraded National Bank of Canada from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 20th. Jefferies Financial Group increased their price target on National Bank of Canada from C$119.00 to C$126.00 in a report on Thursday, August 29th. Royal Bank of Canada lifted their price objective on shares of National Bank of Canada from C$113.00 to C$116.00 in a research note on Thursday, August 29th. Canaccord Genuity Group increased their target price on shares of National Bank of Canada from C$123.00 to C$135.00 in a research note on Tuesday. Finally, Cormark lifted their price target on shares of National Bank of Canada from C$122.00 to C$128.00 in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of C$126.36.

National Bank of Canada Price Performance

Shares of NA stock traded up C$0.41 during mid-day trading on Thursday, hitting C$137.81. The company had a trading volume of 876,100 shares, compared to its average volume of 1,720,619. The stock's 50 day moving average price is C$130.71 and its 200-day moving average price is C$120.21. National Bank of Canada has a 52-week low of C$87.92 and a 52-week high of C$138.10. The company has a market capitalization of C$46.91 billion, a P/E ratio of 13.42, a P/E/G ratio of 7.14 and a beta of 1.12.

National Bank of Canada (TSE:NA - Get Free Report) last issued its earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.50 by C$0.18. National Bank of Canada had a return on equity of 15.18% and a net margin of 34.50%. The firm had revenue of C$2.98 billion for the quarter, compared to analysts' expectations of C$2.95 billion. On average, equities research analysts expect that National Bank of Canada will post 10.8360791 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Yvon Charest bought 285 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The shares were purchased at an average price of C$133.71 per share, for a total transaction of C$38,107.35. 0.21% of the stock is owned by company insiders.

About National Bank of Canada

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.