Royal Bank of Canada Has Lowered Expectations for National Bank of Canada (TSE:NA) Stock Price

National Bank of Canada (TSE:NA) had its price target cut by analysts at Royal Bank of Canada from C$145.00 to C$144.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the financial services provider’s stock. Royal Bank of Canada’s target price would suggest a potential upside of 19.59% from the stock’s current price.

Several other research analysts also recently commented on NA. CIBC decreased their price objective on National Bank of Canada from C$141.00 to C$135.00 in a research note on Tuesday, February 18th. Cormark downgraded National Bank of Canada from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 21st. Scotiabank decreased their price objective on National Bank of Canada from C$154.00 to C$125.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 20th. TD Securities decreased their price objective on National Bank of Canada from C$140.00 to C$138.00 in a research note on Thursday, December 5th. Finally, Jefferies Financial Group decreased their price objective on National Bank of Canada from C$153.00 to C$149.00 in a research note on Tuesday, February 18th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, National Bank of Canada currently has an average rating of “Hold” and a consensus price target of C$137.20.

National Bank of Canada Stock Performance

NA stock opened at C$120.41 on Thursday. National Bank of Canada has a fifty-two week low of C$104.84 and a fifty-two week high of C$141.15. The business’s 50-day moving average is C$128.77 and its two-hundred day moving average is C$128.84. The company has a market cap of C$46.95 billion, a price-to-earnings ratio of 10.68, a P/E/G ratio of 7.14 and a beta of 1.12.

Insider Buying and Selling

In other news, insider Marie-Chantal Gingras purchased 1,750 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was acquired at an average price of C$119.45 per share, for a total transaction of C$209,037.50. Also, Senior Officer Brigitte Hébert sold 400 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of C$132.46, for a total value of C$52,984.00. Over the last 90 days, insiders acquired 6,344 shares of company stock worth $763,776. 0.21% of the stock is 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.