National Bank of Canada (TSE:NA) Price Target Cut to C$127.00 by Analysts at CIBC

National Bank of Canada (TSE:NA) had its price target decreased by investment analysts at CIBC from C$135.00 to C$127.00 in a note issued to investors on Wednesday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 9.57% from the stock’s current price.

A number of other research analysts have also recently commented on NA. Royal Bank of Canada dropped their price target on National Bank of Canada from C$145.00 to C$144.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. Canaccord Genuity Group lifted their price target on National Bank of Canada from C$135.00 to C$142.00 in a research note on Thursday, December 5th. BMO Capital Markets lowered 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 note on Thursday, February 27th. Cibc World Mkts downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Finally, Barclays lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$136.40.

National Bank of Canada Price Performance

Shares of NA opened at C$115.91 on Wednesday. National Bank of Canada has a one year low of C$105.43 and a one year high of C$141.15. The company has a market cap of C$45.19 billion, a P/E ratio of 10.28, a P/E/G ratio of 7.14 and a beta of 1.12. The firm has a 50 day simple moving average of C$127.52 and a two-hundred day simple moving average of C$128.93.

Insider Buying and Selling at National Bank of Canada

In other news, Senior Officer Brigitte Hébert sold 400 shares of National Bank of Canada stock in a transaction 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. Also, insider Marie-Chantal Gingras sold 600 shares of the business’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of C$132.79, for a total transaction of C$79,674.00. Over the last quarter, insiders have bought 10,526 shares of company stock valued at $1,262,020. 0.21% of the stock is currently owned by 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.