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

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

A number of other research analysts also recently weighed in on NA. Canaccord Genuity Group lifted their price target on National Bank of Canada from C$135.00 to C$142.00 in a report on Thursday, December 5th. Jefferies Financial Group lowered their target price 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. UBS Group lowered their target price on National Bank of Canada from C$145.00 to C$140.00 in a research note on Friday, February 28th. Cormark lowered their target price on National Bank of Canada from C$139.00 to C$137.00 in a research note on Thursday, February 27th. Finally, CIBC lowered their target price on National Bank of Canada from C$141.00 to C$135.00 in a research note on Tuesday, February 18th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$136.40.

National Bank of Canada Trading Down 0.3 %

Shares of 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 company has a market capitalization of C$45.19 billion, a price-to-earnings ratio of 10.28, a P/E/G ratio of 7.14 and a beta of 1.12. The stock’s fifty day simple moving average is C$127.52 and its 200-day simple moving average is C$128.93.

Insider Transactions at National Bank of Canada

In related news, Senior Officer Brigitte Hébert sold 400 shares of the business’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of C$132.46, for a total transaction of C$52,984.00. Also, Director Yvon Charest acquired 334 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were acquired at an average cost of C$125.90 per share, with a total value of C$42,050.60. In the last quarter, insiders purchased 10,526 shares of company stock worth $1,262,020. 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.