National Bank of Canada (TSE:NA) had its price target lowered by investment analysts at TD Securities from C$72.00 to C$68.00 in a research note issued to investors on Thursday. The firm presently has a “hold” rating on the financial services provider’s stock. TD Securities’ price objective would indicate a potential upside of 15.33% from the company’s current price.
Several other brokerages also recently weighed in on NA. Canaccord Genuity downgraded shares of National Bank of Canada from a “buy” rating to a “hold” rating and set a C$69.00 price objective for the company. in a research report on Thursday, August 30th. Barclays lifted their target price on shares of National Bank of Canada from C$67.00 to C$69.00 in a report on Thursday, August 30th. Finally, Desjardins lifted their target price on shares of National Bank of Canada from C$64.00 to C$66.00 in a report on Thursday, August 30th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. National Bank of Canada presently has a consensus rating of “Hold” and an average target price of C$67.36.
Shares of TSE:NA opened at C$58.96 on Thursday. 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 11,200 shares of the business’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of C$65.00, for a total value of C$728,000.00. Insiders sold a total of 86,200 shares of company stock worth $5,604,116 over the last ninety days.
About National Bank of Canada
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.
Read More: What is the Coverage Ratio?
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.