Cibc World Mkts Downgrades National Bank of Canada (TSE:NA) to Hold

National Bank of Canada (TSE:NA) was downgraded by Cibc World Mkts from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Canaccord Genuity Group lifted their price objective on shares of National Bank of Canada from C$135.00 to C$142.00 in a research note on Thursday, December 5th. BMO Capital Markets raised their target price on National Bank of Canada from C$125.00 to C$143.00 in a research note on Monday, November 18th. Jefferies Financial Group decreased their price target on National Bank of Canada from C$153.00 to C$149.00 in a research report on Tuesday. Scotiabank cut their price objective on shares of National Bank of Canada from C$154.00 to C$125.00 and set a “sector perform” rating for the company in a research report on Thursday. Finally, CIBC lowered their target price on shares of National Bank of Canada from C$141.00 to C$135.00 in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$138.20.

National Bank of Canada Stock Down 0.4 %

National Bank of Canada stock opened at C$123.48 on Tuesday. The stock has a market cap of C$48.14 billion, a P/E ratio of 10.95, a P/E/G ratio of 7.14 and a beta of 1.12. The company’s 50 day moving average price is C$129.93 and its two-hundred day moving average price is C$128.46. National Bank of Canada has a 52 week low of C$102.90 and a 52 week high of C$141.15.

Insider Buying and Selling

In related news, Senior Officer Brigitte Hébert sold 400 shares of the company’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. Also, Director Yvon Charest purchased 334 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was purchased at an average cost of C$125.90 per share, for a total transaction of C$42,050.60. 0.21% of the stock is currently owned by corporate insiders.

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.