CIBC Issues Positive Forecast for National Bank of Canada (TSE:NA) Stock Price

National Bank of Canada (TSE:NA - Get Free Report) had its target price upped by equities research analysts at CIBC from C$115.00 to C$125.00 in a report released on Thursday,BayStreet.CA reports. CIBC's price objective would indicate a potential downside of 3.36% from the stock's previous close.

Other equities analysts have also issued research reports about the company. BMO Capital Markets lowered their price objective on National Bank of Canada from C$143.00 to C$135.00 and set an "outperform" rating on the stock in a research note on Thursday, February 27th. TD Securities lowered their price objective on National Bank of Canada from C$135.00 to C$131.00 and set a "hold" rating on the stock in a research note on Wednesday, March 5th. Royal Bank of Canada lowered their price objective on National Bank of Canada from C$145.00 to C$144.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 27th. Cormark lowered their price objective on National Bank of Canada from C$139.00 to C$137.00 in a research note on Thursday, February 27th. Finally, Jefferies Financial Group lowered National Bank of Canada from a "buy" rating to a "hold" rating and lowered their price objective for the stock from C$147.00 to C$126.00 in a research note on Monday, April 21st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of C$134.10.

National Bank of Canada Stock Performance

Shares of TSE:NA traded up C$0.47 during trading on Thursday, reaching C$129.34. The stock had a trading volume of 357,846 shares, compared to its average volume of 1,882,744. The business has a fifty day moving average price of C$119.89 and a 200-day moving average price of C$125.93. The stock has a market cap of C$50.43 billion, a PE ratio of 11.47, a PEG ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 1-year low of C$105.43 and a 1-year high of C$141.15.

Insider Buying and Selling at National Bank of Canada

In other news, Director Robert Paré bought 4,200 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average price of C$120.34 per share, with a total value of C$505,428.00. Also, Director Yvon Charest bought 362 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were purchased at an average cost of C$127.93 per share, for a total transaction of C$46,310.66. Insiders have acquired 13,701 shares of company stock worth $1,633,863 over the last quarter. 0.21% of the stock is currently owned by company 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.