National Bank of Canada (TSE:NA) Share Price Passes Above 200-Day Moving Average - Time to Sell?

National Bank of Canada (TSE:NA - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$125.97 and traded as high as C$140.79. National Bank of Canada shares last traded at C$140.52, with a volume of 5,800,457 shares.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NA shares. Canaccord Genuity Group increased their target price 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. Cibc World Mkts downgraded National Bank of Canada from a "hold" rating to a "strong sell" rating in a report on Friday, April 4th. Jefferies Financial Group lowered National Bank of Canada from a "buy" rating to a "hold" rating and cut their target price for the stock from C$147.00 to C$126.00 in a research report on Monday, April 21st. TD Securities decreased their target price on National Bank of Canada from C$135.00 to C$131.00 and set a "hold" rating for the company in a research note on Wednesday, March 5th. Finally, Royal Bank Of Canada increased their price target 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 note 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of C$135.36.

National Bank of Canada Price Performance

The business's 50 day moving average price is C$130.62 and its 200-day moving average price is C$126.08. The firm has a market capitalization of C$55.18 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12.

National Bank of Canada Increases Dividend

The firm also recently disclosed 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 boost from National Bank of Canada's previous quarterly dividend of $1.14. The ex-dividend date of this dividend is Monday, June 30th. This represents a $4.72 annualized dividend and a yield of 3.34%. National Bank of Canada's dividend payout ratio is presently 39.03%.

Insider Buying and Selling at National Bank of Canada

In related news, Director Yvon Charest bought 362 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was bought at an average cost of C$127.93 per share, with a total value of C$46,310.66. 0.21% of the stock is currently 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.