National Bank of Canada (TSE:NA) Price Target Cut to C$140.00 by Analysts at UBS Group

National Bank of Canada (TSE:NA) had its target price decreased by stock analysts at UBS Group from C$145.00 to C$140.00 in a research note issued to investors on Friday,BayStreet.CA reports. UBS Group’s price target suggests a potential upside of 18.04% from the stock’s current price.

A number of other analysts have also weighed in on the company. BMO Capital Markets cut their price objective on National Bank of Canada from C$143.00 to C$135.00 and set an “outperform” rating on the stock in a research report on Thursday. CIBC lowered 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. 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. Canaccord Genuity Group raised their price objective on shares of National Bank of Canada from C$135.00 to C$142.00 in a report on Thursday, December 5th. Finally, Cormark cut their price target on shares of National Bank of Canada from C$139.00 to C$137.00 in a research note on Thursday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$137.20.

National Bank of Canada Stock Down 1.2 %

NA stock traded down C$1.41 during mid-day trading on Friday, hitting C$118.60. 726,663 shares of the company were exchanged, compared to its average volume of 1,657,217. The business has a fifty day simple moving average of C$129.00 and a 200-day simple moving average of C$128.78. The firm has a market capitalization of C$46.24 billion, a P/E ratio of 10.52, a PEG ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 12-month low of C$104.84 and a 12-month high of C$141.15.

Insider Activity at National Bank of Canada

In other news, insider Marie-Chantal Gingras sold 600 shares of the stock in a transaction that occurred 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. Also, Director Yvon Charest purchased 334 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was bought at an average price of C$125.90 per share, with a total value of C$42,050.60. Company 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.