Desjardins Issues Pessimistic Forecast for National Bank of Canada (TSE:NA) Stock Price

National Bank of Canada (TSE:NA) had its price target cut by Desjardins from C$140.00 to C$136.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has a “hold” rating on the financial services provider’s stock. Desjardins’ price target would suggest a potential upside of 13.71% from the company’s previous close.

Several other equities analysts have also issued reports on NA. BMO Capital Markets upped their price target on National Bank of Canada from C$125.00 to C$143.00 in a research report on Monday, November 18th. Canaccord Genuity Group boosted their target price on National Bank of Canada from C$135.00 to C$142.00 in a research note on Thursday, December 5th. TD Securities decreased their price target on National Bank of Canada from C$140.00 to C$138.00 in a research note on Thursday, December 5th. Barclays lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Finally, Cormark lowered shares of National Bank of Canada from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$137.70.

National Bank of Canada Stock Performance

NA traded down C$0.87 on Thursday, hitting C$119.60. The company had a trading volume of 675,027 shares, compared to its average volume of 1,643,817. The stock has a market capitalization of C$46.63 billion, a price-to-earnings ratio of 10.61, a P/E/G ratio of 7.14 and a beta of 1.12. The stock has a fifty day moving average price of C$129.22 and a 200-day moving average price of C$128.73. National Bank of Canada has a 12-month low of C$104.84 and a 12-month high of C$141.15.

Insider Activity

In other National Bank of Canada news, Senior Officer Brigitte Hébert sold 400 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of C$132.46, for a total value of C$52,984.00. Also, insider Marie-Chantal Gingras sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of C$132.79, for a total value of C$79,674.00. Insiders own 0.21% of the company’s stock.

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.