National Bank of Canada (TSE:NA) Rating Lowered to Hold at Cormark

National Bank of Canada (TSE:NA) was downgraded by stock analysts at Cormark from a “moderate buy” rating to a “hold” rating in a research note issued on Friday,Zacks.com reports.

Several other research firms have also recently weighed in on NA. Scotiabank cut their target price 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. Jefferies Financial Group dropped their price objective on National Bank of Canada from C$153.00 to C$149.00 in a research report on Tuesday, February 18th. Barclays cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. 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. Finally, Cibc World Mkts downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$138.20.

National Bank of Canada Price Performance

Shares of TSE NA opened at C$124.43 on Friday. The firm has a market cap of C$48.51 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 7.14 and a beta of 1.12. The stock’s fifty day moving average price is C$129.74 and its two-hundred day moving average price is C$128.52. National Bank of Canada has a one year low of C$102.90 and a one year high of C$141.15.

Insider Transactions at National Bank of Canada

In related news, Director Yvon Charest bought 334 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were bought at an average price of C$125.90 per share, for a total transaction of C$42,050.60. Also, Senior Officer Brigitte Hébert sold 400 shares of the 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. 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.