National Bank of Canada (TSE:NA) Price Target Cut to C$135.00 by Analysts at CIBC

National Bank of Canada (TSE:NA) had its target price lowered by equities researchers at CIBC from C$141.00 to C$135.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 7.88% from the company’s previous close.

NA has been the topic of several other reports. Cormark raised shares of National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, January 15th. Canaccord Genuity Group raised their price target on shares of National Bank of Canada from C$135.00 to C$142.00 in a report on Thursday, December 5th. Jefferies Financial Group reduced their target price on shares of National Bank of Canada from C$153.00 to C$149.00 in a research note on Tuesday. UBS Group reduced their target price on shares of National Bank of Canada from C$150.00 to C$145.00 in a research note on Friday. Finally, BMO Capital Markets boosted their price objective on shares of National Bank of Canada from C$125.00 to C$143.00 in a research note on Monday, November 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$141.10.

National Bank of Canada Trading Down 0.9 %

TSE:NA traded down C$1.09 during mid-day trading on Tuesday, hitting C$125.14. The stock had a trading volume of 428,096 shares, compared to its average volume of 1,625,583. The stock has a market capitalization of C$48.79 billion, a price-to-earnings ratio of 11.10, a P/E/G ratio of 7.14 and a beta of 1.12. The company has a 50 day simple moving average of C$130.52 and a 200-day simple moving average of C$128.45. National Bank of Canada has a 52 week low of C$102.90 and a 52 week high of C$141.15.

Insider Transactions at National Bank of Canada

In other National Bank of Canada news, insider Marie-Chantal Gingras sold 600 shares of the firm’s 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. Also, Senior Officer Brigitte Hébert sold 400 shares of the firm’s 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. 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.