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

National Bank of Canada (TSE:NA) had its target price lowered by analysts at TD Securities from C$135.00 to C$131.00 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has a “hold” rating on the financial services provider’s stock. TD Securities’ price objective would indicate a potential upside of 13.02% from the stock’s current price.

Several other equities research analysts have also weighed in on NA. Scotiabank lowered their price objective on National Bank of Canada from C$154.00 to C$125.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 20th. Barclays lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Cormark lowered their price objective on National Bank of Canada from C$139.00 to C$137.00 in a research note on Thursday, February 27th. UBS Group lowered their price objective on National Bank of Canada from C$145.00 to C$140.00 in a research note on Friday, February 28th. Finally, Jefferies Financial Group lowered their price objective on National Bank of Canada from C$149.00 to C$147.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, National Bank of Canada has a consensus rating of “Hold” and an average target price of C$136.40.

National Bank of Canada Trading Down 0.3 %

NA stock opened at C$115.91 on Wednesday. National Bank of Canada has a 1-year low of C$105.43 and a 1-year high of C$141.15. The firm has a market cap of C$45.19 billion, a P/E ratio of 10.28, a P/E/G ratio of 7.14 and a beta of 1.12. The business’s 50 day moving average is C$127.52 and its 200-day moving average is C$128.93.

Insider Buying and Selling

In other National Bank of Canada news, insider Marie-Chantal Gingras sold 600 shares of the stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of C$132.79, for a total value of C$79,674.00. Also, Director Yvon Charest acquired 334 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was purchased at an average price of C$125.90 per share, for a total transaction of C$42,050.60. Insiders have acquired a total of 10,526 shares of company stock worth $1,262,020 in the last three months. 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.