National Bank of Canada (TSE:NA) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

National Bank of Canada (TSE:NA - Free Report) had its target price increased by Canaccord Genuity Group from C$136.00 to C$138.00 in a report released on Monday morning,BayStreet.CA reports. Canaccord Genuity Group currently has a hold rating on the financial services provider's stock.

A number of other equities analysts have also recently weighed in on the stock. Scotiabank raised shares of National Bank of Canada to a "strong-buy" rating in a research report on Thursday, May 15th. BMO Capital Markets reduced their price target on shares of National Bank of Canada from C$143.00 to C$135.00 and set an "outperform" rating on the stock in a research report on Thursday, February 27th. Cibc World Mkts cut shares of National Bank of Canada from a "hold" rating to a "strong sell" rating in a research report on Friday, April 4th. UBS Group reduced their price target on shares of National Bank of Canada from C$145.00 to C$140.00 in a research report on Friday, February 28th. Finally, Cormark reduced their price target on shares of National Bank of Canada from C$139.00 to C$137.00 in a research report on Thursday, February 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of C$135.36.

National Bank of Canada Stock Up 0.8%

NA stock traded up C$1.08 during midday trading on Monday, reaching C$134.88. The company's stock had a trading volume of 1,749,507 shares, compared to its average volume of 1,919,630. The business's 50-day simple moving average is C$122.69 and its 200-day simple moving average is C$125.86. The stock has a market cap of C$52.59 billion, a PE ratio of 11.96, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 52 week low of C$105.43 and a 52 week high of C$141.15.

National Bank of Canada Increases Dividend

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

Insider Buying and Selling at National Bank of Canada

In other National Bank of Canada news, Director Lynn Loewen purchased 1,000 shares of the stock in a transaction on Monday, March 17th. The shares were purchased at an average cost of C$117.93 per share, for a total transaction of C$117,930.00. Also, Senior Officer Lucie Blanchet purchased 2,147 shares of the stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of C$116.28 per share, for a total transaction of C$249,653.16. In the last three months, insiders have acquired 3,509 shares of company stock worth $413,894. 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.