National Bank of Canada (TSE:NA) Lowered to “Hold” Rating by Jefferies Financial Group

National Bank of Canada (TSE:NA) was downgraded by stock analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note issued to investors on Monday,BayStreet.CA reports. They presently have a C$126.00 price target on the financial services provider’s stock, down from their prior price target of C$147.00. Jefferies Financial Group’s price objective indicates a potential upside of 9.95% from the stock’s previous close.

NA has been the subject of several other research reports. Cormark cut their price objective on National Bank of Canada from C$139.00 to C$137.00 in a report on Thursday, February 27th. Desjardins reduced their price objective on National Bank of Canada from C$140.00 to C$136.00 and set a “hold” rating on the stock in a research report on Thursday, February 27th. BMO Capital Markets cut their target price on National Bank of Canada from C$143.00 to C$135.00 and set an “outperform” rating for the company in a research note on Thursday, February 27th. Scotiabank decreased their target price on shares of National Bank of Canada from C$154.00 to C$125.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 20th. Finally, CIBC downgraded National Bank of Canada from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from C$127.00 to C$115.00 in a report on Friday, April 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$133.10.

National Bank of Canada Stock Down 0.9 %

NA traded down C$1.08 during trading hours on Monday, hitting C$114.60. The stock had a trading volume of 288,188 shares, compared to its average volume of 2,033,928. National Bank of Canada has a 1 year low of C$105.43 and a 1 year high of C$141.15. The stock has a market cap of C$44.68 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. The company’s fifty day simple moving average is C$118.32 and its 200 day simple moving average is C$127.26.

Insider Transactions at National Bank of Canada

In other National Bank of Canada news, Senior Officer Lucie Blanchet bought 2,147 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of C$116.28 per share, for a total transaction of C$249,653.16. Also, Director Yvon Charest acquired 334 shares of the stock in a transaction on Wednesday, February 19th. The stock was bought at an average cost of C$125.90 per share, with a total value of C$42,050.60. Over the last three months, insiders have bought 13,673 shares of company stock valued at $1,629,603. 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.