National Bank of Canada (TSE:NA) Sets New 1-Year High at $128.63

National Bank of Canada (TSE:NA)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as C$128.63 and last traded at C$128.53, with a volume of 497414 shares. The stock had previously closed at C$127.30.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Jefferies Financial Group boosted their price target on National Bank of Canada from C$119.00 to C$126.00 in a report on Thursday, August 29th. Royal Bank of Canada boosted their price objective on National Bank of Canada from C$113.00 to C$116.00 in a research note on Thursday, August 29th. BMO Capital Markets raised their price objective on shares of National Bank of Canada from C$115.00 to C$125.00 in a research report on Thursday, August 29th. Cormark increased their price objective on shares of National Bank of Canada from C$122.00 to C$128.00 in a report on Thursday, August 29th. Finally, Cibc World Mkts downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$122.64.

National Bank of Canada Stock Up 0.6 %

The firm has a 50 day moving average of C$119.43 and a 200-day moving average of C$114.81. The company has a market cap of C$43.60 billion, a P/E ratio of 12.45, a PEG ratio of 17.04 and a beta of 1.12.

National Bank of Canada (TSE:NA) last released its quarterly earnings data on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share for the quarter, beating the consensus estimate of C$2.50 by C$0.18. National Bank of Canada had a return on equity of 15.18% and a net margin of 34.50%. The firm had revenue of C$2.98 billion during the quarter, compared to the consensus estimate of C$2.95 billion. On average, research analysts predict that National Bank of Canada will post 10.8549488 EPS for the current fiscal year.

National Bank of Canada Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Monday, September 30th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.43%. National Bank of Canada’s dividend payout ratio is presently 42.84%.

Insiders Place Their Bets

In other news, Director Yvon Charest acquired 325 shares of National Bank of Canada stock in a transaction that occurred on Monday, August 19th. The stock was purchased at an average price of C$117.24 per share, for a total transaction of C$38,103.00. 0.21% of the stock is currently owned by corporate insiders.

National Bank of Canada Company Profile

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.