Jefferies Financial Group Issues Pessimistic Forecast for National Bank of Canada (TSE:NA) Stock Price

National Bank of Canada (TSE:NA) had its price objective decreased by stock analysts at Jefferies Financial Group from C$149.00 to C$147.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 22.08% from the stock’s previous close.

Several other equities research analysts also recently weighed in on NA. BMO Capital Markets increased their price target on National Bank of Canada from C$125.00 to C$143.00 in a research report on Monday, November 18th. Cormark cut National Bank of Canada from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 21st. CIBC dropped their target price on National Bank of Canada from C$141.00 to C$135.00 in a research report on Tuesday, February 18th. Scotiabank dropped their target price on National Bank of Canada from C$154.00 to C$125.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 20th. Finally, Canaccord Genuity Group raised their target price on National Bank of Canada from C$135.00 to C$142.00 in a research report on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$137.20.

National Bank of Canada Stock Performance

Shares of NA opened at C$120.41 on Thursday. The business’s 50-day moving average is C$128.77 and its two-hundred day moving average is C$128.84. The company has a market capitalization of C$46.95 billion, a P/E ratio of 10.68, a P/E/G ratio of 7.14 and a beta of 1.12. National Bank of Canada has a fifty-two week low of C$104.84 and a fifty-two week high of C$141.15.

Insider Activity at National Bank of Canada

In related news, Senior Officer Brigitte Hébert sold 400 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The shares were 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 firm’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of C$132.79, for a total transaction of C$79,674.00. In the last three months, insiders have purchased 6,344 shares of company stock valued at $763,776. 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.