National Bank of Canada (TSE:NA – Get Free Report) had its price objective lowered by analysts at TD Securities from C$135.00 to C$131.00 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has a “hold” rating on the financial services provider’s stock. TD Securities’ price target would suggest a potential upside of 11.43% from the stock’s previous close.
Several other research firms also recently issued reports on NA. Cormark cut their price objective on National Bank of Canada from C$139.00 to C$137.00 in a report on Thursday, February 27th. CIBC cut their price target on shares of National Bank of Canada from C$141.00 to C$135.00 in a report on Tuesday, February 18th. Cibc World Mkts lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Jefferies Financial Group cut their target price on shares of 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. Finally, Royal Bank of Canada reduced their target price on National Bank of Canada from C$145.00 to C$144.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$137.20.
Check Out Our Latest Stock Analysis on NA
National Bank of Canada Stock Down 0.9 %
Insider Buying and Selling at National Bank of Canada
In other National Bank of Canada news, Director Macky Tall purchased 4,182 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were bought at an average price of C$119.14 per share, for a total transaction of C$498,243.48. Also, insider Marie-Chantal Gingras sold 600 shares of National Bank of Canada stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of C$132.79, for a total transaction of C$79,674.00. Insiders have bought 10,526 shares of company stock worth $1,262,020 over the last 90 days. 0.21% of the stock is currently 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.
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