Cibc World Mkts Upgrades National Bank of Canada (TSE:NA) to “Strong-Buy”

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

A number of other equities analysts have also recently weighed in on the company. Barclays cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. CIBC raised their price objective on National Bank of Canada from C$135.00 to C$141.00 in a report on Tuesday, November 26th. Cormark decreased their target price on National Bank of Canada from C$145.00 to C$142.00 in a report on Thursday, December 5th. BMO Capital Markets raised their price target on shares of National Bank of Canada from C$125.00 to C$143.00 in a report on Monday, November 18th. Finally, Royal Bank of Canada lifted their price target on shares of National Bank of Canada from C$134.00 to C$145.00 and gave the company a “sector perform” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$137.20.

National Bank of Canada Trading Down 0.2 %

Shares of National Bank of Canada stock opened at C$132.49 on Thursday. The company has a 50-day moving average of C$133.97 and a two-hundred day moving average of C$124.94. The stock has a market cap of C$45.10 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 12-month low of C$98.04 and a 12-month high of C$141.15.

Insider Transactions at National Bank of Canada

In other news, Director Yvon Charest bought 285 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was purchased at an average price of C$133.71 per share, for a total transaction of C$38,107.35. Also, Senior Officer Brigitte Hébert sold 400 shares of the business’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of C$132.46, for a total value of C$52,984.00. Insiders own 0.21% of the company’s stock.

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.