TD Securities Lowers National Bank of Canada (TSE:NA) Price Target to C$131.00

National Bank of Canada (TSE:NA) had its price target cut by TD Securities from C$135.00 to C$131.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the financial services provider’s stock. TD Securities’ target price would suggest a potential upside of 11.43% from the company’s current price.

Other equities research analysts also recently issued reports about the company. CIBC lowered their price target on National Bank of Canada from C$141.00 to C$135.00 in a research report on Tuesday, February 18th. Cibc World Mkts lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. UBS Group cut their price target on National Bank of Canada from C$145.00 to C$140.00 in a report on Friday, February 28th. BMO Capital Markets reduced their price objective on National Bank of Canada from C$143.00 to C$135.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Finally, Jefferies Financial Group dropped 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 report on Thursday, February 27th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, National Bank of Canada currently has an average rating of “Hold” and a consensus price target of C$137.20.

National Bank of Canada Trading Down 0.9 %

TSE NA opened at C$117.56 on Wednesday. National Bank of Canada has a 1 year low of C$105.43 and a 1 year high of C$141.15. The company has a fifty day simple moving average of C$128.18 and a 200 day simple moving average of C$129.01. The company has a market cap of C$45.83 billion, a P/E ratio of 10.43, a P/E/G ratio of 7.14 and a beta of 1.12.

Insider Activity

In related news, Director Robert Paré acquired 4,200 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was purchased at an average cost of C$120.34 per share, for a total transaction of C$505,428.00. Also, Director Yvon Charest acquired 334 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were bought at an average cost of C$125.90 per share, with a total value of C$42,050.60. In the last 90 days, insiders acquired 10,526 shares of company stock worth $1,262,020. 0.21% of the stock is currently owned by corporate insiders.

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.