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

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

Several other analysts have also recently weighed in on NA. TD Securities dropped their price target on shares of National Bank of Canada from C$140.00 to C$138.00 in a research note on Thursday, December 5th. Barclays cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. CIBC dropped their target price on shares of National Bank of Canada from C$141.00 to C$135.00 in a report on Tuesday. UBS Group dropped their target price on shares of National Bank of Canada from C$150.00 to C$145.00 in a report on Friday, February 14th. Finally, Canaccord Genuity Group lifted their target price on shares of National Bank of Canada from C$135.00 to C$142.00 in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$138.20.

National Bank of Canada Price Performance

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

Insider Transactions at National Bank of Canada

In related news, Senior Officer Brigitte Hébert sold 400 shares of National Bank of Canada stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of C$132.46, for a total transaction of C$52,984.00. Also, insider Marie-Chantal Gingras sold 600 shares of National Bank of Canada stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of C$132.79, for a total transaction of C$79,674.00. Corporate insiders own 0.21% of the company’s stock.

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.