National Bank of Canada (TSE:NA) Stock Price Passes Above 200-Day Moving Average - Here's Why

Key Points

• National Bank of Canada passed above its 200-day moving average, trading as high as C$183.25 versus the 200‑day MA of C$164.89 (last trade C$182.83).
• Analysts raised price targets after recent upgrades — consensus target is C$191.45 — with four Buy and six Hold ratings following reports from Desjardins, RBC, Barclays and others.
• The bank declared a quarterly dividend of C$1.24 (annualized C$4.96, yield 2.7%) with an ex‑dividend date of March 30 and payment on May 1.

National Bank of Canada (TSE:NA - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$164.89 and traded as high as C$183.25. National Bank of Canada shares last traded at C$182.83, with a volume of 1,400,265 shares traded.

Analysts Set New Price Targets

Several research analysts have issued reports on NA shares. Barclays lifted their target price on shares of National Bank of Canada from C$177.00 to C$183.00 and gave the stock an "equal weight" rating in a report on Thursday, February 26th. Desjardins raised their price target on shares of National Bank of Canada from C$182.00 to C$200.00 and gave the company a "buy" rating in a research report on Thursday, February 26th. Jefferies Financial Group boosted their price objective on shares of National Bank of Canada from C$165.00 to C$172.00 in a report on Thursday, February 26th. Canadian Imperial Bank of Commerce upped their price objective on National Bank of Canada from C$189.00 to C$193.00 in a research report on Thursday, February 26th. Finally, Royal Bank Of Canada increased their target price on National Bank of Canada from C$163.00 to C$193.00 in a research note on Thursday, February 26th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of C$191.45.

National Bank of Canada Stock Performance

The firm has a market cap of C$70.78 billion, a P/E ratio of 17.63, a P/E/G ratio of 7.14 and a beta of 1.32. The business's 50-day simple moving average is C$175.07 and its 200 day simple moving average is C$164.89.

National Bank of Canada (TSE:NA - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The financial services provider reported C$3.25 earnings per share for the quarter. The firm had revenue of C$3.89 billion for the quarter. National Bank of Canada had a return on equity of 12.83% and a net margin of 15.85%. As a group, equities research analysts expect that National Bank of Canada will post 10.8360791 EPS for the current year.

National Bank of Canada Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, May 1st will be issued a $1.24 dividend. The ex-dividend date of this dividend is Monday, March 30th. This represents a $4.96 dividend on an annualized basis and a yield of 2.7%. National Bank of Canada's dividend payout ratio is currently 45.71%.

National Bank of Canada Company Profile

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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