National Bank of Canada (NA) Price Target Cut to C$62.00

National Bank of Canada (TSE:NA) had its price objective lowered by equities researchers at Barclays from C$65.00 to C$62.00 in a note issued to investors on Thursday. Barclays’ target price would indicate a potential upside of 6.09% from the company’s current price.

NA has been the topic of a number of other reports. Canaccord Genuity lifted their target price on National Bank of Canada from C$64.00 to C$67.00 in a research report on Thursday. Eight Capital decreased their target price on National Bank of Canada from C$70.00 to C$69.00 in a research report on Thursday. TD Securities decreased their target price on National Bank of Canada from C$72.00 to C$68.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, Desjardins lifted their target price on National Bank of Canada from C$64.00 to C$66.00 in a research report on Thursday, August 30th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. National Bank of Canada currently has a consensus rating of “Hold” and a consensus target price of C$67.36.

NA stock traded down C$1.76 during trading on Thursday, reaching C$58.44. 1,296,063 shares of the stock were exchanged, compared to its average volume of 940,266. National Bank of Canada has a twelve month low of C$57.58 and a twelve month high of C$65.95.

In other National Bank of Canada news, Director Louis Vachon sold 62,800 shares of National Bank of Canada stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of C$65.01, for a total transaction of C$4,082,628.00. Insiders have sold 104,300 shares of company stock worth $6,780,797 over the last ninety days.

National Bank of Canada Company Profile

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.

Recommended Story: Diversification

Analyst Recommendations for National Bank of Canada (TSE:NA)

Receive News & Ratings for National Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply