National Bank of Canada (TSE:NA) Cut to “Hold” at Cormark

National Bank of Canada (TSE:NA) was downgraded by research analysts at Cormark from a “moderate buy” rating to a “hold” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

Several other research analysts also recently commented on the stock. Royal Bank of Canada raised their price target on shares of National Bank of Canada from C$134.00 to C$145.00 and gave the company a “sector perform” rating in a report on Wednesday, January 8th. BMO Capital Markets lifted their price objective on shares of National Bank of Canada from C$125.00 to C$143.00 in a report on Monday, November 18th. CIBC dropped their price objective on shares of National Bank of Canada from C$141.00 to C$135.00 in a report on Tuesday. Scotiabank dropped 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 report on Thursday. Finally, TD Securities dropped their price objective on shares of National Bank of Canada from C$140.00 to C$138.00 in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, National Bank of Canada presently has an average rating of “Hold” and an average target price of C$138.20.

National Bank of Canada Price Performance

Shares of TSE:NA opened at C$124.43 on Friday. The firm has a fifty day moving average price of C$129.93 and a two-hundred day moving average price of C$128.46. National Bank of Canada has a one year low of C$102.90 and a one year high of C$141.15. The company has a market cap of C$48.51 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 7.14 and a beta of 1.12.

Insider Buying and Selling

In other National Bank of Canada news, insider Marie-Chantal Gingras sold 600 shares of the business’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of C$132.79, for a total value of C$79,674.00. Also, Director Yvon Charest acquired 334 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was purchased at an average price of C$125.90 per share, for a total transaction of C$42,050.60. 0.21% of the stock is 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.