National Bank of Canada (TSE:NA - Get Free Report) has been assigned an average rating of "Hold" from the twelve analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$133.10.
A number of brokerages have recently issued reports on NA. UBS Group dropped their target price on National Bank of Canada from C$145.00 to C$140.00 in a research report on Friday, February 28th. Scotiabank dropped their price objective on National Bank of Canada from C$154.00 to C$125.00 and set a "sector perform" rating on the stock in a report on Thursday, February 20th. TD Securities reduced their target price on National Bank of Canada from C$135.00 to C$131.00 and set a "hold" rating for the company in a research note on Wednesday, March 5th. Royal Bank of Canada decreased their price target on shares of National Bank of Canada from C$145.00 to C$144.00 and set a "sector perform" rating for the company in a research report on Thursday, February 27th. Finally, Desjardins cut their price target on shares of National Bank of Canada from C$140.00 to C$136.00 and set a "hold" rating on the stock in a report on Thursday, February 27th.
Get Our Latest Report on National Bank of Canada
Insider Buying and Selling
In related news, Director Robert Paré acquired 4,200 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average price of C$120.34 per share, for a total transaction of C$505,428.00. Also, Director Lynn Loewen purchased 1,000 shares of the firm's stock in a transaction on Monday, March 17th. The shares were purchased at an average cost of C$117.93 per share, with a total value of C$117,930.00. Insiders acquired 13,673 shares of company stock valued at $1,629,603 in the last three months. 0.21% of the stock is currently owned by corporate insiders.
National Bank of Canada Price Performance
NA traded up C$0.30 during trading hours on Friday, reaching C$124.64. 119,412 shares of the stock traded hands, compared to its average volume of 1,935,807. National Bank of Canada has a fifty-two week low of C$105.43 and a fifty-two week high of C$141.15. The company has a market cap of C$48.59 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 7.14 and a beta of 1.12. The firm's fifty day simple moving average is C$117.30 and its two-hundred day simple moving average is C$126.38.
National Bank of Canada Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 1st. Stockholders of record on Monday, March 31st were issued a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.66%. National Bank of Canada's dividend payout ratio (DPR) is presently 39.03%.
National Bank of Canada Company Profile
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Get Free ReportNational 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.
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