National Bank of Canada (TSE:NA) Given New C$127.00 Price Target at CIBC

National Bank of Canada (TSE:NA) had its target price lowered by equities research analysts at CIBC from C$135.00 to C$127.00 in a note issued to investors on Wednesday,BayStreet.CA reports. CIBC’s target price would suggest a potential upside of 9.42% from the company’s current price.

A number of other equities research analysts have also weighed in on NA. Barclays lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Canaccord Genuity Group lifted their target price on shares of National Bank of Canada from C$135.00 to C$142.00 in a research note on Thursday, December 5th. TD Securities cut their price target on shares of National Bank of Canada from C$135.00 to C$131.00 and set a “hold” rating on the stock in a report on Wednesday. Cormark lowered their price objective on shares of National Bank of Canada from C$139.00 to C$137.00 in a research note on Thursday, February 27th. Finally, Desjardins lowered their price target on National Bank of Canada from C$140.00 to C$136.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, National Bank of Canada presently has a consensus rating of “Hold” and a consensus price target of C$136.40.

National Bank of Canada Price Performance

NA stock traded down C$1.49 during mid-day trading on Wednesday, hitting C$116.07. 582,768 shares of the stock were exchanged, compared to its average volume of 1,740,335. The stock has a market capitalization of C$45.25 billion, a price-to-earnings ratio of 10.30, a PEG ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 12 month low of C$105.43 and a 12 month high of C$141.15. The business has a fifty day moving average price of C$128.18 and a 200 day moving average price of C$129.01.

Insider Activity

In related news, Director Yvon Charest purchased 334 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was purchased at an average price of C$125.90 per share, with a total value of C$42,050.60. Also, insider Marie-Chantal Gingras sold 600 shares of the 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. Over the last quarter, insiders have bought 10,526 shares of company stock valued at $1,262,020. 0.21% of the stock is currently owned by company 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.