Jefferies Financial Group Cuts National Bank of Canada (TSE:NA) Price Target to C$149.00

National Bank of Canada (TSE:NA) had its price objective lowered by research analysts at Jefferies Financial Group from C$153.00 to C$149.00 in a report issued on Tuesday,BayStreet.CA reports. Jefferies Financial Group’s target price would indicate a potential upside of 19.07% from the company’s current price.

NA has been the subject of a number of other research reports. Royal Bank of Canada boosted their price target on National Bank of Canada from C$134.00 to C$145.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 8th. TD Securities decreased their target price on National Bank of Canada from C$140.00 to C$138.00 in a research report on Thursday, December 5th. Canaccord Genuity Group upped their target price on National Bank of Canada from C$135.00 to C$142.00 in a research report on Thursday, December 5th. CIBC upped their target price on National Bank of Canada from C$135.00 to C$141.00 in a research report on Tuesday, November 26th. Finally, Cibc World Mkts raised National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$141.10.

National Bank of Canada Stock Down 0.9 %

TSE NA traded down C$1.09 during mid-day trading on Tuesday, hitting C$125.14. The stock had a trading volume of 428,096 shares, compared to its average volume of 1,625,583. National Bank of Canada has a 52-week low of C$102.90 and a 52-week high of C$141.15. The company has a market cap of C$48.79 billion, a price-to-earnings ratio of 11.10, a P/E/G ratio of 7.14 and a beta of 1.12. The company has a 50 day simple moving average of C$130.52 and a 200 day simple moving average of C$128.45.

Insider Buying and Selling

In other National Bank of Canada news, Senior Officer Brigitte Hébert sold 400 shares of the stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of C$132.46, for a total transaction of C$52,984.00. Also, insider Marie-Chantal Gingras sold 600 shares of the stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of C$132.79, for a total value of C$79,674.00. Corporate 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.