Jefferies Financial Group Has Lowered Expectations for National Bank of Canada (TSE:NA) Stock Price

National Bank of Canada (TSE:NA) had its price target lowered by equities researchers at Jefferies Financial Group from C$153.00 to C$152.00 in a research report issued on Tuesday,BayStreet.CA reports. The firm currently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s target price indicates a potential downside of 9.38% from the stock’s current price.

NA has been the topic of several other research reports. Royal Bank Of Canada dropped their target price on National Bank of Canada from C$152.00 to C$148.00 and set a “sector perform” rating on the stock in a report on Thursday, August 28th. Scotiabank upped their price objective on National Bank of Canada from C$159.00 to C$166.00 and gave the stock an “outperform” rating in a research note on Tuesday. Cibc World Mkts raised shares of National Bank of Canada from a “strong sell” rating to a “hold” rating in a research note on Friday, August 1st. CIBC boosted their target price on shares of National Bank of Canada from C$154.00 to C$166.00 in a report on Wednesday, November 19th. Finally, TD Securities increased their price target on shares of National Bank of Canada from C$148.00 to C$161.00 in a research note on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$150.77.

National Bank of Canada Price Performance

Shares of TSE:NA opened at C$167.74 on Tuesday. The company’s 50-day moving average price is C$155.16 and its two-hundred day moving average price is C$145.73. National Bank of Canada has a one year low of C$106.67 and a one year high of C$167.79. The stock has a market capitalization of C$65.78 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 7.14 and a beta of 1.08.

About National Bank of Canada

National Bank of Canada is the sixth-largest Canadian bank. The bank offers integrated financial services, primarily in the province of Quebec as well as the city of Toronto. Operational segments include personal and commercial banking, wealth management, and a financial markets group.