National Bank of Canada (TSE:NA) Receives C$134.10 Average Price Target from Analysts

Shares of National Bank of Canada (TSE:NA - Get Free Report) have been given a consensus recommendation of "Hold" by the eleven research firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$134.10.

Several research analysts have commented on the company. Royal Bank of Canada cut their target price on National Bank of Canada from C$145.00 to C$144.00 and set a "sector perform" rating for the company in a research note on Thursday, February 27th. Cibc World Mkts lowered shares of National Bank of Canada from a "hold" rating to a "strong sell" rating in a research report on Friday, April 4th. Cormark reduced their price objective on shares of National Bank of Canada from C$139.00 to C$137.00 in a research note on Thursday, February 27th. Jefferies Financial Group cut shares of National Bank of Canada from a "buy" rating to a "hold" rating and lowered their target price for the stock from C$147.00 to C$126.00 in a research note on Monday, April 21st. Finally, Scotiabank raised shares of National Bank of Canada to a "strong-buy" rating in a report on Thursday, May 15th.

National Bank of Canada Stock Up 1.0%

NA traded up C$1.37 on Thursday, hitting C$134.94. The company's stock had a trading volume of 2,973,810 shares, compared to its average volume of 1,915,980. National Bank of Canada has a 12 month low of C$105.43 and a 12 month high of C$141.15. The firm has a market cap of C$52.61 billion, a P/E ratio of 11.97, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. The company's 50 day simple moving average is C$120.70 and its 200-day simple moving average is C$126.01.

National Bank of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Monday, June 30th will be given a dividend of $1.18 per share. This represents a $4.72 annualized dividend and a dividend yield of 3.50%. This is a boost from National Bank of Canada's previous quarterly dividend of $1.14. National Bank of Canada's dividend payout ratio (DPR) is 39.03%.

Insider Transactions at National Bank of Canada

In other National Bank of Canada news, Director Yvon Charest purchased 362 shares of the firm's stock in a transaction on Tuesday, May 20th. The shares were purchased at an average cost of C$127.93 per share, with a total value of C$46,310.66. Also, Director Macky Tall acquired 4,182 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was acquired at an average cost of C$119.14 per share, with a total value of C$498,243.48. In the last ninety days, insiders purchased 7,691 shares of company stock valued at $912,137. 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.