National Bank of Canada (TSE:NA) Share Price Crosses Above 200-Day Moving Average - What's Next?

National Bank of Canada (TSE:NA - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$125.76 and traded as high as C$136.55. National Bank of Canada shares last traded at C$135.94, with a volume of 2,542,140 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Jefferies Financial Group lowered shares of National Bank of Canada from a "buy" rating to a "hold" rating and lowered their price target for the stock from C$147.00 to C$126.00 in a research report on Monday, April 21st. UBS Group decreased their target price on shares of National Bank of Canada from C$145.00 to C$140.00 in a research report on Friday, February 28th. Canaccord Genuity Group lifted 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 Monday, June 9th. BMO Capital Markets decreased their price objective on National Bank of Canada from C$143.00 to C$135.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. Finally, CIBC lifted their target price on 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. Two investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of C$135.36.

National Bank of Canada Stock Performance

The stock's fifty day simple moving average is C$126.42 and its two-hundred day simple moving average is C$125.86. The company has a market capitalization of C$52.75 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 7.14 and a beta of 1.12.

National Bank of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, August 1st will be given a $1.18 dividend. This is a positive change from National Bank of Canada's previous quarterly dividend of $1.14. The ex-dividend date is Monday, June 30th. This represents a $4.72 annualized dividend and a yield of 3.49%. National Bank of Canada's payout ratio is 39.03%.

Insider Activity

In other news, Director Yvon Charest purchased 362 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were acquired at an average price of C$127.93 per share, for a total transaction of C$46,310.66. 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.