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

National Bank of Canada (TSE:NA) had its price target decreased by analysts at TD Securities from C$135.00 to C$131.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “hold” rating on the financial services provider’s stock. TD Securities’ target price would suggest a potential upside of 9.53% from the company’s previous close.

NA has been the subject of a number of other reports. Cormark cut National Bank of Canada from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 21st. 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. Royal Bank of Canada reduced their target price 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. CIBC lowered 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. Finally, BMO Capital Markets upped their target price on National Bank of Canada from C$125.00 to C$143.00 in a research report on Monday, November 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$137.70.

National Bank of Canada Price Performance

Shares of TSE NA traded down C$0.87 during mid-day trading on Thursday, hitting C$119.60. The company’s stock had a trading volume of 675,027 shares, compared to its average volume of 1,643,817. The stock has a market cap of C$46.63 billion, a price-to-earnings ratio of 10.61, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. The company’s fifty day simple moving average is C$129.22 and its 200-day simple moving average is C$128.73. National Bank of Canada has a one year low of C$104.84 and a one year high of C$141.15.

Insider Transactions at National Bank of Canada

In other news, Director Yvon Charest purchased 334 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were acquired at an average price of C$125.90 per share, with a total value of C$42,050.60. Also, Senior Officer Brigitte Hébert sold 400 shares of the stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of C$132.46, for a total value of C$52,984.00. 0.21% of the stock is 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.