National Bank of Canada (TSE:NA) Raised to “Moderate Buy” at Cormark

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

Several other equities research analysts also recently weighed in on the stock. Royal Bank of Canada lifted their price target on shares of National Bank of Canada from C$134.00 to C$145.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 8th. BMO Capital Markets boosted their price target on shares of National Bank of Canada from C$125.00 to C$143.00 in a report on Monday, November 18th. Cibc World Mkts upgraded shares of National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. CIBC boosted their target price on National Bank of Canada from C$135.00 to C$141.00 in a research note on Tuesday, November 26th. Finally, Barclays lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$137.20.

Read Our Latest Stock Report on NA

National Bank of Canada Stock Performance

TSE:NA opened at C$131.37 on Wednesday. National Bank of Canada has a 52 week low of C$98.04 and a 52 week high of C$141.15. The firm’s fifty day moving average is C$133.96 and its 200-day moving average is C$125.47. The firm has a market cap of C$44.72 billion, a P/E ratio of 12.79, a P/E/G ratio of 7.14 and a beta of 1.12.

Insider Buying and Selling at National Bank of Canada

In other National Bank of Canada news, insider Marie-Chantal Gingras sold 600 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of C$132.79, for a total value of C$79,674.00. Also, Director Yvon Charest bought 285 shares of the stock in a transaction dated Tuesday, November 19th. The shares were acquired at an average price of C$133.71 per share, with a total value of C$38,107.35. 0.21% of the stock is currently owned by corporate insiders.

About National Bank of Canada

(Get Free Report)

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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Analyst Recommendations for National Bank of Canada (TSE:NA)

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