Jefferies Financial Group Lowers National Bank of Canada (TSE:NA) Price Target to C$149.00

National Bank of Canada (TSE:NA) had its price target decreased by research analysts at Jefferies Financial Group from C$153.00 to C$149.00 in a research note issued on Tuesday,BayStreet.CA reports. Jefferies Financial Group’s target price indicates a potential upside of 20.17% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Barclays lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Cibc World Mkts raised National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. Canaccord Genuity Group lifted their price objective on National Bank of Canada from C$135.00 to C$142.00 in a report on Thursday, December 5th. Royal Bank of Canada upped their price objective 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 report on Wednesday, January 8th. Finally, Cormark upgraded shares of National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$141.10.

National Bank of Canada Stock Performance

Shares of TSE:NA opened at C$123.99 on Tuesday. National Bank of Canada has a fifty-two week low of C$102.90 and a fifty-two week high of C$141.15. The company’s 50-day moving average is C$130.35 and its 200 day moving average is C$128.43. The company has a market capitalization of C$48.34 billion, a P/E ratio of 11.00, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12.

Insider Activity at National Bank of Canada

In other National Bank of Canada news, Director Yvon Charest acquired 334 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was acquired at an average price of C$125.90 per share, for a total transaction of C$42,050.60. Also, insider Marie-Chantal Gingras sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of C$132.79, for a total value of C$79,674.00. 0.21% of the stock is currently owned by company 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.