Cormark Upgrades National Bank of Canada (TSE:NA) to Moderate Buy

National Bank of Canada (TSE:NA) was upgraded by investment analysts at Cormark from a “hold” rating to a “moderate buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other analysts have also recently issued reports on NA. CIBC increased their price objective on shares of National Bank of Canada from C$135.00 to C$141.00 in a research note on Tuesday, November 26th. Royal Bank of Canada boosted their target price on shares of National Bank of Canada from C$134.00 to C$145.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 8th. BMO Capital Markets increased their target price on National Bank of Canada from C$125.00 to C$143.00 in a research report on Monday, November 18th. Canaccord Genuity Group lifted their price target on National Bank of Canada from C$135.00 to C$142.00 in a research report on Thursday, December 5th. Finally, Barclays cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, National Bank of Canada has an average rating of “Hold” and an average price target of C$137.20.

National Bank of Canada Trading Down 1.0 %

NA opened at C$131.37 on Wednesday. The company has a market capitalization of C$44.72 billion, a PE ratio of 12.79, a PEG ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 1-year low of C$98.04 and a 1-year high of C$141.15. The firm’s 50 day simple moving average is C$133.96 and its two-hundred day simple moving average is C$125.47.

Insiders Place Their Bets

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