National Bank of Canada (TSE:NA) Price Target Lowered to C$145.00 at UBS Group

National Bank of Canada (TSE:NA) had its price target cut by analysts at UBS Group from C$150.00 to C$145.00 in a report released on Friday,BayStreet.CA reports. UBS Group’s price target points to a potential upside of 14.62% from the stock’s current price.

NA has been the subject of a number of other research reports. BMO Capital Markets upped their price objective on shares of National Bank of Canada from C$125.00 to C$143.00 in a research note on Monday, November 18th. Cormark upgraded National Bank of Canada from a “hold” rating to a “moderate buy” rating in a report on Wednesday, January 15th. Scotiabank upped their price target on National Bank of Canada from C$129.00 to C$154.00 in a report on Monday, November 25th. Barclays cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Finally, Canaccord Genuity Group increased their target price on National Bank of Canada from C$135.00 to C$142.00 in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$139.40.

National Bank of Canada Price Performance

TSE:NA traded down C$0.15 on Friday, reaching C$126.50. The stock had a trading volume of 341,370 shares, compared to its average volume of 1,626,647. The company has a market cap of C$49.32 billion, a price-to-earnings ratio of 11.22, a P/E/G ratio of 7.14 and a beta of 1.12. The firm’s fifty day moving average is C$130.84 and its two-hundred day moving average is C$128.06. National Bank of Canada has a 12-month low of C$102.40 and a 12-month high of C$141.15.

Insiders Place Their Bets

In other news, Director Yvon Charest bought 285 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were purchased at an average cost of C$133.71 per share, with a total value of C$38,107.35. Also, insider Marie-Chantal Gingras sold 600 shares of the stock in a transaction 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. 0.21% of the stock is 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.