National Bank of Canada (TSE:NA) Receives C$139.40 Consensus Price Target from Analysts

Shares of National Bank of Canada (TSE:NA) have earned an average recommendation of “Hold” from the thirteen analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$138.20.

Several brokerages have weighed in on NA. Royal Bank of Canada increased their target price on National Bank of Canada from C$134.00 to C$145.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 8th. Cibc World Mkts lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. UBS Group dropped their target price on National Bank of Canada from C$150.00 to C$145.00 in a research report on Friday, February 14th. Cormark lowered National Bank of Canada from a “moderate buy” rating to a “hold” rating in a research report on Friday. Finally, Barclays lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st.

Insider Buying and Selling

In related news, insider Marie-Chantal Gingras sold 600 shares of National Bank of Canada stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of C$132.79, for a total transaction of C$79,674.00. Also, Director Yvon Charest bought 334 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were purchased at an average cost of C$125.90 per share, for a total transaction of C$42,050.60. 0.21% of the stock is owned by corporate insiders.

National Bank of Canada Price Performance

Shares of NA opened at C$124.43 on Tuesday. National Bank of Canada has a 12-month low of C$102.90 and a 12-month high of C$141.15. The business’s fifty day moving average price is C$129.74 and its 200 day moving average price is C$128.52. The stock has a market capitalization of C$48.51 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12.

National Bank of Canada Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, February 1st. Investors of record on Monday, December 30th were issued a dividend of $1.14 per share. This is a positive change from National Bank of Canada’s previous quarterly dividend of $1.10. This represents a $4.56 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date was Monday, December 30th. National Bank of Canada’s payout ratio is presently 39.03%.

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.