National Bank of Canada (TSE:NA) Price Target Lowered to C$140.00 at UBS Group

National Bank of Canada (TSE:NA) had its target price lowered by stock analysts at UBS Group from C$145.00 to C$140.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. UBS Group’s target price points to a potential upside of 18.04% from the company’s current price.

NA has been the subject of several other research reports. Royal Bank of Canada cut their price objective on National Bank of Canada from C$145.00 to C$144.00 and set a “sector perform” rating for the company in a report on Thursday. Cormark dropped their target price on shares of National Bank of Canada from C$139.00 to C$137.00 in a report on Thursday. Cibc World Mkts lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Jefferies Financial Group decreased their target price on shares of National Bank of Canada from C$149.00 to C$147.00 and set a “buy” rating for the company in a report on Thursday. Finally, TD Securities dropped their target price on National Bank of Canada from C$135.00 to C$131.00 and set a “hold” rating on the stock in a report on Thursday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$137.20.

National Bank of Canada Stock Performance

Shares of NA traded down C$1.41 during mid-day trading on Friday, reaching C$118.60. 726,663 shares of the company’s stock traded hands, compared to its average volume of 1,657,217. National Bank of Canada has a 12 month low of C$104.84 and a 12 month high of C$141.15. The business’s 50-day moving average price is C$129.00 and its 200-day moving average price is C$128.78. The stock has a market capitalization of C$46.24 billion, a P/E ratio of 10.52, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12.

Insider Activity at National Bank of Canada

In other news, Director Robert Paré bought 4,200 shares of the stock in a transaction dated Thursday, February 27th. The stock was bought at an average cost of C$120.34 per share, with a total value of C$505,428.00. Also, 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 value of C$52,984.00. 0.21% of the stock is owned by 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.