Cormark Lowers National Bank of Canada (TSE:NA) Price Target to C$137.00

National Bank of Canada (TSE:NA) had its target price reduced by equities research analysts at Cormark from C$139.00 to C$137.00 in a note issued to investors on Thursday,BayStreet.CA reports. Cormark’s target price suggests a potential upside of 14.55% from the stock’s previous close.

A number of other research firms also recently weighed in on NA. Barclays downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. UBS Group cut their price target on National Bank of Canada from C$150.00 to C$145.00 in a research note on Friday, February 14th. BMO Capital Markets lifted their price objective on National Bank of Canada from C$125.00 to C$143.00 in a research note on Monday, November 18th. Scotiabank lowered their price target on 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. Finally, Canaccord Genuity Group lifted their price objective on shares of National Bank of Canada from C$135.00 to C$142.00 in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, National Bank of Canada has a consensus rating of “Hold” and a consensus price target of C$137.70.

National Bank of Canada Trading Down 0.7 %

Shares of NA traded down C$0.87 during trading hours on Thursday, hitting C$119.60. 675,027 shares of the stock traded hands, compared to its average volume of 1,643,817. The firm has a market capitalization of C$46.63 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 1-year low of C$104.84 and a 1-year high of C$141.15. The business has a fifty day moving average of C$129.22 and a 200-day moving average of C$128.73.

Insider Activity

In related news, Director Yvon Charest acquired 334 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was bought at an average price 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 on Tuesday, December 24th. The shares were sold at an average price of C$132.79, for a total transaction of C$79,674.00. 0.21% of the stock is owned by corporate 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.