National Bank of Canada (TSE:NA) Reaches New 12-Month High - What's Next?

National Bank of Canada (TSE:NA - Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as C$143.88 and last traded at C$143.70, with a volume of 207293 shares changing hands. The stock had previously closed at C$142.80.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Jefferies Financial Group cut National Bank of Canada from a "buy" rating to a "hold" rating and decreased their price target for the company from C$147.00 to C$126.00 in a report on Monday, April 21st. Scotiabank raised National Bank of Canada to a "strong-buy" rating in a report on Thursday, May 15th. Cibc World Mkts cut National Bank of Canada from a "hold" rating to a "strong sell" rating in a report on Friday, April 4th. Canaccord Genuity Group raised their price target on National Bank of Canada from C$136.00 to C$138.00 and gave the company a "hold" rating in a report on Tuesday, June 24th. Finally, Royal Bank Of Canada raised their price target on National Bank of Canada from C$148.00 to C$152.00 and gave the company a "sector perform" rating in a report on Monday, June 9th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of C$135.36.

National Bank of Canada Stock Down 0.0%

The stock has a market capitalization of C$56.38 billion, a PE ratio of 12.83, a PEG ratio of 7.14 and a beta of 1.12. The business's 50-day moving average is C$137.05 and its two-hundred day moving average is C$127.21.

National Bank of Canada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, August 1st will be given a dividend of $1.18 per share. This is a positive change from National Bank of Canada's previous quarterly dividend of $1.14. This represents a $4.72 annualized dividend and a yield of 3.26%. The ex-dividend date is Monday, June 30th. National Bank of Canada's dividend payout ratio is presently 39.03%.

Insider Activity at National Bank of Canada

In other news, Director Yvon Charest acquired 362 shares of National Bank of Canada stock in a transaction that occurred on Tuesday, May 20th. The shares were acquired 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 corporate 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.