Scotiabank Trims National Bank of Canada (TSE:NA) Target Price to C$116.00

National Bank of Canada (TSE:NA) had its price objective cut by stock analysts at Scotiabank from C$119.00 to C$116.00 in a report released on Tuesday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. Scotiabank’s target price would suggest a potential upside of 7.96% from the stock’s current price.

Several other research analysts have also recently weighed in on the company. Desjardins increased their price objective on National Bank of Canada from C$116.00 to C$119.00 and gave the stock a “hold” rating in a research report on Thursday, May 30th. BMO Capital Markets dropped their price objective on shares of National Bank of Canada from C$121.00 to C$115.00 and set an “outperform” rating for the company in a research note on Tuesday. Canaccord Genuity Group increased their target price on shares of National Bank of Canada from C$109.00 to C$117.00 and gave the stock a “hold” rating in a research report on Thursday, May 30th. TD Securities raised their target price on shares of National Bank of Canada from C$118.00 to C$121.00 in a report on Friday, May 10th. Finally, Royal Bank of Canada upped their target price on National Bank of Canada from C$109.00 to C$113.00 and gave the company a “sector perform” rating in a research report on Thursday, May 30th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$113.92.

National Bank of Canada Stock Performance

NA traded up C$1.24 on Tuesday, reaching C$107.45. The company had a trading volume of 655,781 shares, compared to its average volume of 1,744,446. The stock has a market cap of C$36.52 billion, a P/E ratio of 11.31, a P/E/G ratio of 17.04 and a beta of 1.12. National Bank of Canada has a fifty-two week low of C$84.27 and a fifty-two week high of C$118.77. The company’s fifty day moving average is C$113.48 and its 200 day moving average is C$107.26.

Insider Buying and Selling at National Bank of Canada

In other news, Director Yvon Charest bought 324 shares of National Bank of Canada stock in a transaction on Tuesday, May 21st. The shares were purchased at an average price of C$116.20 per share, for a total transaction of C$37,648.80. 0.20% of the stock is currently owned by corporate 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.