National Bank of Canada (TSE:NA) Receives Average Rating of "Hold" from Analysts

National Bank of Canada (TSE:NA - Get Free Report) has been assigned an average recommendation of "Hold" from the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$135.36.

A number of equities research analysts recently commented on the stock. Royal Bank Of Canada increased their target price on shares of National Bank of Canada from C$148.00 to C$152.00 and gave the company a "sector perform" rating in a research report on Monday, June 9th. Scotiabank upgraded shares of National Bank of Canada to a "strong-buy" rating in a research note on Thursday, May 15th. Jefferies Financial Group lowered shares of National Bank of Canada from a "buy" rating to a "hold" rating and cut their price target for the company from C$147.00 to C$126.00 in a research note on Monday, April 21st. CIBC upped their price target on shares of National Bank of Canada from C$125.00 to C$127.00 and gave the company an "underperform" rating in a research note on Thursday, June 5th. Finally, Canaccord Genuity Group upped their price target on shares of National Bank of Canada from C$136.00 to C$138.00 and gave the company a "hold" rating in a research note on Tuesday, June 24th.

National Bank of Canada Price Performance

National Bank of Canada stock opened at C$142.74 on Friday. The firm has a 50-day moving average of C$135.00 and a two-hundred day moving average of C$126.75. National Bank of Canada has a 1 year low of C$106.67 and a 1 year high of C$143.24. The stock has a market cap of C$55.65 billion, a price-to-earnings ratio of 12.66, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12.

National Bank of Canada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, August 1st will be paid a dividend of $1.18 per share. The ex-dividend date of this dividend is Monday, June 30th. This is an increase from National Bank of Canada's previous quarterly dividend of $1.14. This represents a $4.72 dividend on an annualized basis and a yield of 3.31%. National Bank of Canada's payout ratio is 39.03%.

Insider Buying and Selling

In other National Bank of Canada news, Director Yvon Charest bought 362 shares of the business's stock in a transaction on Tuesday, May 20th. The stock was bought at an average price of C$127.93 per share, with a total value of C$46,310.66. 0.21% of the stock is owned by company insiders.

National Bank of Canada Company Profile

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.

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