National Bank of Canada (TSE:NA) Stock Rating Upgraded by Cibc World Mkts

National Bank of Canada (TSE:NA) was upgraded by equities research analysts at Cibc World Mkts from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Several other research firms have also recently commented on NA. Barclays cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Canaccord Genuity Group boosted their price objective on shares of National Bank of Canada from C$135.00 to C$142.00 in a research report on Thursday, December 5th. CIBC increased their target price on shares of National Bank of Canada from C$135.00 to C$141.00 in a report on Tuesday, November 26th. BMO Capital Markets lifted their price target on shares of National Bank of Canada from C$125.00 to C$143.00 in a research note on Monday, November 18th. Finally, Scotiabank increased their price objective on shares of National Bank of Canada from C$129.00 to C$154.00 in a research note on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, National Bank of Canada currently has an average rating of “Hold” and an average price target of C$137.20.

National Bank of Canada Price Performance

NA opened at C$132.49 on Thursday. The company has a market capitalization of C$45.10 billion, a price-to-earnings ratio of 12.90, a P/E/G ratio of 7.14 and a beta of 1.12. The business’s 50-day moving average price is C$133.97 and its two-hundred day moving average price is C$124.94. National Bank of Canada has a 1 year low of C$98.04 and a 1 year high of C$141.15.

Insider Buying and Selling

In other National Bank of Canada news, insider Marie-Chantal Gingras sold 600 shares of the firm’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 transaction of C$79,674.00. Also, Director Yvon Charest acquired 285 shares of National Bank of Canada stock in a transaction dated Tuesday, November 19th. The shares were purchased at an average price of C$133.71 per share, with a total value of C$38,107.35. 0.21% of the stock is owned by 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.