National Bank of Canada (TSE:NA) Price Target Raised to C$127.00

National Bank of Canada (TSE:NA - Free Report) had its price target lifted by CIBC from C$125.00 to C$127.00 in a research report report published on Thursday,BayStreet.CA reports. The firm currently has an underperform rating on the financial services provider's stock.

Several other equities analysts have also weighed in on the stock. Scotiabank upgraded shares of National Bank of Canada to a "strong-buy" rating in a report on Thursday, May 15th. TD Securities cut their price objective on shares of National Bank of Canada from C$135.00 to C$131.00 and set a "hold" rating on the stock in a report on Wednesday, March 5th. Cibc World Mkts lowered shares of National Bank of Canada from a "hold" rating to a "strong sell" rating in a report on Friday, April 4th. Desjardins lowered their target price on shares of National Bank of Canada from C$140.00 to C$136.00 and set a "hold" rating for the company in a research note on Thursday, February 27th. Finally, UBS Group lowered their target price on shares of National Bank of Canada from C$145.00 to C$140.00 in a research note on Friday, February 28th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, National Bank of Canada currently has a consensus rating of "Hold" and a consensus target price of C$134.30.

National Bank of Canada Price Performance

Shares of NA stock traded up C$0.29 during trading hours on Thursday, reaching C$133.79. 136,470 shares of the company were exchanged, compared to its average volume of 1,908,369. National Bank of Canada has a fifty-two week low of C$105.43 and a fifty-two week high of C$141.15. The stock's fifty day moving average is C$122.14 and its two-hundred day moving average is C$126.05. The company has a market cap of C$52.16 billion, a price-to-earnings ratio of 11.87, a P/E/G ratio of 7.14 and a beta of 1.12.

National Bank of Canada Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Monday, June 30th will be given a $1.18 dividend. This represents a $4.72 dividend on an annualized basis and a dividend yield of 3.53%. This is an increase from National Bank of Canada's previous quarterly dividend of $1.14. National Bank of Canada's dividend payout ratio (DPR) is 39.03%.

Insider Transactions at National Bank of Canada

In other news, Director Lynn Loewen bought 1,000 shares of the firm's stock in a transaction on Monday, March 17th. The shares were purchased at an average cost of C$117.93 per share, with a total value of C$117,930.00. Also, Director Yvon Charest bought 362 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was purchased at an average cost of C$127.93 per share, for a total transaction of C$46,310.66. In the last 90 days, insiders purchased 3,509 shares of company stock worth $413,894. 0.21% of the stock is owned by 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.