National Bank of Canada (TSE:NA) Price Target Lowered to C$147.00 at Jefferies Financial Group

National Bank of Canada (TSE:NA) had its price objective decreased by equities researchers at Jefferies Financial Group from C$149.00 to C$147.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s price target points to a potential upside of 22.08% from the stock’s current price.

A number of other brokerages also recently issued reports on NA. CIBC cut their price target on shares of National Bank of Canada from C$141.00 to C$135.00 in a report on Tuesday, February 18th. Cibc World Mkts downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Cormark downgraded shares of National Bank of Canada from a “moderate buy” rating to a “hold” rating in a report on Friday, February 21st. TD Securities dropped their target price on shares of National Bank of Canada from C$135.00 to C$131.00 and set a “hold” rating for the company in a report on Thursday. Finally, Canaccord Genuity Group lifted their target price on shares of National Bank of Canada from C$135.00 to C$142.00 in a report on Thursday, December 5th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, National Bank of Canada has a consensus rating of “Hold” and an average price target of C$137.20.

National Bank of Canada Price Performance

Shares of TSE NA opened at C$120.41 on Thursday. The company has a 50 day simple moving average of C$128.77 and a 200-day simple moving average of C$128.84. The company has a market capitalization of C$46.95 billion, a P/E ratio of 10.68, a P/E/G ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 1 year low of C$104.84 and a 1 year high of C$141.15.

Insider Transactions at National Bank of Canada

In related news, Director Robert Paré purchased 4,200 shares of National Bank of Canada stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average cost of C$120.34 per share, with a total value of C$505,428.00. Also, Senior Officer Brigitte Hébert sold 400 shares of the business’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. In the last three months, insiders bought 6,344 shares of company stock valued at $763,776. 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.