National Bank of Canada (TSE:NA) Price Target Lowered to C$131.00 at TD Securities

National Bank of Canada (TSE:NA - Get Free Report) had its target price lowered by investment analysts at TD Securities from C$135.00 to C$131.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has a "hold" rating on the financial services provider's stock. TD Securities' price target suggests a potential upside of 10.43% from the company's previous close.

A number of other analysts have also issued reports on NA. Cibc World Mkts lowered shares of National Bank of Canada from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Scotiabank dropped their price target 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. UBS Group dropped their price target on shares of National Bank of Canada from C$150.00 to C$145.00 in a research note on Friday, February 14th. Canaccord Genuity Group lifted their price target on shares of National Bank of Canada from C$135.00 to C$142.00 in a research note on Thursday, December 5th. Finally, Jefferies Financial Group dropped their price target on shares of National Bank of Canada from C$153.00 to C$149.00 in a research note on Tuesday, February 18th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of C$137.20.

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National Bank of Canada Stock Down 1.5 %

Shares of TSE NA traded down C$1.78 during trading on Thursday, reaching C$118.63. 2,172,605 shares of the stock were exchanged, compared to its average volume of 1,753,081. The business's 50-day moving average price is C$128.77 and its 200 day moving average price is C$129.06. National Bank of Canada has a twelve month low of C$105.43 and a twelve month high of C$141.15. The company has a market capitalization of C$46.25 billion, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12.

Insider Transactions at National Bank of Canada

In other news, Director Robert Paré purchased 4,200 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was purchased at an average cost of C$120.34 per share, with a total value of C$505,428.00. Also, Senior Officer Brigitte Hébert sold 400 shares of the stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of C$132.46, for a total value of C$52,984.00. In the last ninety days, insiders have purchased 10,526 shares of company stock worth $1,262,020. 0.21% of the stock is currently owned by company insiders.

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.