National Bank of Canada (TSE:NA) Stock Rating Upgraded by Cibc World Mkts

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

NA has been the subject of several other research reports. Barclays downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. Canaccord Genuity Group upped their target price on shares of National Bank of Canada from C$135.00 to C$142.00 in a research report on Thursday, December 5th. Royal Bank of Canada lifted their price objective on National Bank of Canada from C$134.00 to C$145.00 and gave the company a “sector perform” rating in a research note on Wednesday. Cormark dropped their target price on shares of National Bank of Canada from C$145.00 to C$142.00 in a research note on Thursday, December 5th. Finally, CIBC lifted their price objective on National Bank of Canada from C$135.00 to C$141.00 in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$137.20.

National Bank of Canada Trading Down 0.2 %

Shares of NA opened at C$132.49 on Thursday. The stock has a 50-day moving average price of C$133.97 and a 200-day moving average price of C$124.94. The company has a market cap of C$45.10 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 12-month low of C$98.04 and a 12-month high of C$141.15.

Insider Buying and Selling

In other news, insider Marie-Chantal Gingras sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of C$132.79, for a total value of C$79,674.00. Also, Director Yvon Charest purchased 285 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was bought at an average cost of C$133.71 per share, for a total transaction of C$38,107.35. 0.21% of the stock is currently owned by 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.