National Bank of Canada (TSE:NA) Shares Cross Above Two Hundred Day Moving Average - Here's Why

National Bank of Canada (TSE:NA - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$126.27 and traded as high as C$126.96. National Bank of Canada shares last traded at C$126.02, with a volume of 1,460,823 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. TD Securities decreased their price objective on shares of National Bank of Canada from C$135.00 to C$131.00 and set a "hold" rating for the company in a report on Wednesday, March 5th. Desjardins cut their target price 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. Cormark reduced their price objective on National Bank of Canada from C$139.00 to C$137.00 in a research report on Thursday, February 27th. UBS Group cut their target price on National Bank of Canada from C$145.00 to C$140.00 in a research note on Friday, February 28th. Finally, Scotiabank lowered their price target on shares of National Bank of Canada from C$154.00 to C$125.00 and set a "sector perform" rating for the company in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of C$133.10.

National Bank of Canada Price Performance

The company has a market capitalization of C$50.14 billion, a price-to-earnings ratio of 11.41, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. The business has a fifty day moving average price of C$118.24 and a 200 day moving average price of C$126.24.

National Bank of Canada Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 1st. Shareholders of record on Monday, March 31st were given a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.55%. National Bank of Canada's dividend payout ratio is currently 39.03%.

Insider Buying and Selling

In other National Bank of Canada news, Senior Officer Lucie Blanchet bought 2,147 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of C$116.28 per share, for a total transaction of C$249,653.16. Also, Director Lynn Loewen bought 1,000 shares of the stock in a transaction dated Monday, March 17th. The stock was acquired at an average price of C$117.93 per share, with a total value of C$117,930.00. Insiders bought a total of 13,673 shares of company stock valued at $1,629,603 over the last ninety days. 0.21% of the stock is owned by company insiders.

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.