Scotiabank Lowers National Bank of Canada (TSE:NA) Price Target to C$125.00

National Bank of Canada (TSE:NA) had its price target lowered by equities research analysts at Scotiabank from C$154.00 to C$125.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the financial services provider’s stock. Scotiabank’s target price would suggest a potential upside of 0.46% from the company’s previous close.

Several other research firms have also recently weighed in on NA. Barclays cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. BMO Capital Markets upped their target price on shares of National Bank of Canada from C$125.00 to C$143.00 in a research note on Monday, November 18th. Royal Bank of Canada lifted their price target on shares of National Bank of Canada from C$134.00 to C$145.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 8th. Canaccord Genuity Group boosted their price objective on shares of National Bank of Canada from C$135.00 to C$142.00 in a report on Thursday, December 5th. Finally, Jefferies Financial Group dropped their target price on shares of National Bank of Canada from C$153.00 to C$149.00 in a report on Tuesday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, National Bank of Canada presently has a consensus rating of “Hold” and a consensus target price of C$138.20.

National Bank of Canada Stock Up 0.8 %

Shares of NA opened at C$124.43 on Thursday. The stock has a market cap of C$48.51 billion, a P/E ratio of 11.04, a P/E/G ratio of 7.14 and a beta of 1.12. The business’s 50 day moving average price is C$129.93 and its 200-day moving average price is C$128.46. National Bank of Canada has a 52 week low of C$102.90 and a 52 week high of C$141.15.

Insiders Place Their Bets

In related news, insider Marie-Chantal Gingras sold 600 shares of the business’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 value of C$79,674.00. Also, Director Yvon Charest acquired 334 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were bought at an average cost of C$125.90 per share, with a total value of C$42,050.60. 0.21% of the stock is 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.