CIBC Lowers National Bank of Canada (TSE:NA) Price Target to C$127.00

National Bank of Canada (TSE:NA) had its price objective decreased by investment analysts at CIBC from C$135.00 to C$127.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. CIBC’s target price points to a potential upside of 9.42% from the company’s current price.

Several other equities research analysts have also recently commented on the stock. Scotiabank cut their price target on shares of National Bank of Canada from C$154.00 to C$125.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 20th. Canaccord Genuity Group upped their price target on shares of National Bank of Canada from C$135.00 to C$142.00 in a research report on Thursday, December 5th. Barclays downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. BMO Capital Markets reduced their target price on National Bank of Canada from C$143.00 to C$135.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. Finally, Cibc World Mkts cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. 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 company has an average rating of “Hold” and an average target price of C$136.40.

National Bank of Canada Trading Down 1.3 %

Shares of TSE:NA traded down C$1.49 during trading on Wednesday, hitting C$116.07. 582,768 shares of the company’s stock were exchanged, compared to its average volume of 1,740,335. The firm has a 50-day moving average price of C$128.18 and a two-hundred day moving average price of C$129.01. National Bank of Canada has a 1-year low of C$105.43 and a 1-year high of C$141.15. The firm has a market cap of C$45.25 billion, a P/E ratio of 10.30, a PEG ratio of 7.14 and a beta of 1.12.

Insider Transactions at National Bank of Canada

In other National Bank of Canada news, Senior Officer Brigitte Hébert sold 400 shares of the company’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. Also, Director Macky Tall acquired 4,182 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was acquired at an average cost of C$119.14 per share, for a total transaction of C$498,243.48. Over the last 90 days, insiders have acquired 10,526 shares of company stock worth $1,262,020. Company 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.