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

National Bank of Canada (TSE:NA) had its price target decreased by investment analysts at Scotiabank from C$154.00 to C$125.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the financial services provider’s stock. Scotiabank’s target price would indicate a potential upside of 1.49% from the stock’s previous close.

Several other brokerages also recently issued reports on NA. Barclays downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Jefferies Financial Group dropped their price target on shares of National Bank of Canada from C$153.00 to C$149.00 in a research report on Tuesday. Canaccord Genuity Group increased their price objective on shares of National Bank of Canada from C$135.00 to C$142.00 in a research report on Thursday, December 5th. Cibc World Mkts raised shares of National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Finally, CIBC dropped their price objective on shares of National Bank of Canada from C$141.00 to C$135.00 in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$138.20.

National Bank of Canada Stock Performance

NA stock traded down C$0.83 during trading on Thursday, reaching C$123.16. 434,817 shares of the company were exchanged, compared to its average volume of 1,605,112. The company has a market cap of C$48.02 billion, a P/E ratio of 10.92, a PEG ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 52-week low of C$102.90 and a 52-week high of C$141.15. The stock’s 50 day moving average price is C$130.15 and its 200 day moving average price is C$128.40.

Insider Buying and Selling

In other National Bank of Canada news, Director Yvon Charest purchased 334 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were purchased 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 business’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of C$132.46, for a total transaction of C$52,984.00. 0.21% of the stock is currently owned by insiders.

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.