National Bank of Canada (TSE:NA) Shares Down 0.1% - Time to Sell?

Key Points

• National Bank of Canada's shares traded down 0.1%, closing at C$150.41, with an increase in trading volume of 5% compared to the average.
• Analysts have set a range of price targets for the stock, with ratings from Strong Buy to Hold, while the average price target is C$142.08.
• The bank declared a quarterly dividend of $1.18, which represents an annual yield of 3.1%, to be paid on November 1st.

National Bank of Canada (TSE:NA - Get Free Report) shares traded down 0.1% during trading on Wednesday . The stock traded as low as C$148.82 and last traded at C$150.41. 1,908,870 shares changed hands during trading, an increase of 5% from the average session volume of 1,810,840 shares. The stock had previously closed at C$150.54.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Cibc World Mkts raised shares of National Bank of Canada from a "strong sell" rating to a "hold" rating in a report on Friday, August 1st. Royal Bank Of Canada lowered their target price on shares of National Bank of Canada from C$152.00 to C$148.00 and set a "sector perform" rating on the stock in a report on Thursday. Jefferies Financial Group decreased their price objective on shares of National Bank of Canada from C$157.00 to C$153.00 and set a "hold" rating on the stock in a research note on Thursday. Scotiabank lifted their price objective on shares of National Bank of Canada from C$142.00 to C$147.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, Barclays lifted their price objective on shares of National Bank of Canada from C$141.00 to C$147.00 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. Two analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, National Bank of Canada presently has an average rating of "Hold" and an average price target of C$143.17.

National Bank of Canada Stock Up 0.7%

The business's 50 day simple moving average is C$144.13 and its two-hundred day simple moving average is C$130.33. The stock has a market cap of C$56.49 billion, a P/E ratio of 14.22, a PEG ratio of 7.14 and a beta of 1.11.

National Bank of Canada Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, November 1st. Stockholders of record on Monday, September 29th 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 3.3%. National Bank of Canada's dividend payout ratio (DPR) is presently 44.93%.

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.