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

National Bank of Canada (TSE:NA) had its target price cut by analysts at TD Securities from C$140.00 to C$138.00 in a research note issued to investors on Thursday,BayStreet.CA reports. TD Securities’ target price would indicate a potential upside of 3.95% from the stock’s previous close.

A number of other research analysts also recently issued reports on the stock. Cormark lifted their price target on shares of National Bank of Canada from C$122.00 to C$128.00 in a research note on Thursday, August 29th. 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. Royal Bank of Canada raised their price objective on shares of National Bank of Canada from C$113.00 to C$116.00 in a report on Thursday, August 29th. Scotiabank raised their price objective on shares of National Bank of Canada from C$129.00 to C$154.00 in a report on Monday, November 25th. Finally, Cibc World Mkts cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$136.10.

National Bank of Canada Stock Down 1.8 %

Shares of National Bank of Canada stock opened at C$132.75 on Thursday. National Bank of Canada has a 52-week low of C$93.31 and a 52-week high of C$141.15. The company has a 50 day moving average of C$132.61 and a 200 day moving average of C$121.64. The company has a market capitalization of C$45.19 billion, a P/E ratio of 12.93, a P/E/G ratio of 7.14 and a beta of 1.12.

Insider Activity

In other news, Director Yvon Charest acquired 285 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were purchased at an average cost of C$133.71 per share, for a total transaction of C$38,107.35. Corporate insiders own 0.21% of the company’s stock.

About National Bank of Canada

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.