TD Securities Has Lowered Expectations for National Bank of Canada (TSE:NA) Stock Price

National Bank of Canada (TSE:NA - Get Free Report) had its price objective reduced by investment analysts at TD Securities from C$135.00 to C$131.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has a "hold" rating on the financial services provider's stock. TD Securities' price target would suggest a potential upside of 11.57% from the stock's current price.

Other research analysts have also recently issued reports about the stock. Royal Bank of Canada dropped their target price on shares of National Bank of Canada from C$145.00 to C$144.00 and set a "sector perform" rating on the stock in a report on Thursday, February 27th. Desjardins dropped their target price on shares of National Bank of Canada from C$140.00 to C$136.00 and set a "hold" rating on the stock in a report on Thursday, February 27th. CIBC dropped their target price on shares of National Bank of Canada from C$141.00 to C$135.00 in a report on Tuesday, February 18th. UBS Group dropped their target price on shares of National Bank of Canada from C$145.00 to C$140.00 in a report on Friday, February 28th. Finally, Scotiabank lowered their price target on shares of National Bank of Canada from C$154.00 to C$125.00 and set a "sector perform" rating on the stock in a report on Thursday, February 20th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of C$136.40.

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National Bank of Canada Stock Up 1.3 %

NA stock traded up C$1.51 during trading on Wednesday, hitting C$117.42. The company had a trading volume of 1,367,804 shares, compared to its average volume of 1,786,700. The firm has a market capitalization of C$45.78 billion, a P/E ratio of 10.42, a PEG ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 52-week low of C$105.43 and a 52-week high of C$141.15. The company has a 50 day simple moving average of C$127.22 and a 200-day simple moving average of C$129.05.

Insider Activity at National Bank of Canada

In related news, Director Yvon Charest acquired 334 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was purchased at an average cost of C$125.90 per share, with a total value of C$42,050.60. Also, insider Marie-Chantal Gingras sold 600 shares of the firm's stock in a transaction that occurred 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. Insiders purchased 10,526 shares of company stock valued at $1,262,020 in the last three months. 0.21% of the stock is owned by 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.