National Bank of Canada (TSE:NA - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$132.10 and traded as high as C$150.75. National Bank of Canada shares last traded at C$150.64, with a volume of 1,534,735 shares trading hands.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the company. Canaccord Genuity Group raised 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. Royal Bank Of Canada lowered their price target on National Bank of Canada from C$152.00 to C$148.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 28th. Desjardins decreased their target price on National Bank of Canada from C$150.00 to C$149.00 and set a "hold" rating on the stock in a research report on Thursday, August 28th. CIBC lifted their target price on National Bank of Canada from C$151.00 to C$154.00 and gave the stock a "neutral" rating in a research report on Friday, September 5th. Finally, Barclays lifted their price objective on National Bank of Canada from C$141.00 to C$147.00 and gave the company an "equal weight" rating in a report on Thursday, August 14th. Two equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of C$143.42.
Read Our Latest Stock Report on National Bank of Canada
National Bank of Canada Trading Up 1.2%
The business's fifty day simple moving average is C$146.27 and its 200 day simple moving average is C$132.57. The stock has a market cap of C$59.58 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 7.14 and a beta of 1.06.
National Bank of Canada Dividend Announcement
The company 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 $1.18 dividend. This represents a $4.72 annualized dividend and a dividend yield of 3.1%. National Bank of Canada's dividend payout ratio (DPR) is 44.93%.
National Bank of Canada Company Profile
(
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National Bank of Canada is the sixth-largest Canadian bank. The bank offers integrated financial services, primarily in the province of Quebec as well as the city of Toronto. Operational segments include personal and commercial banking, wealth management, and a financial markets group.
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