National Bank of Canada (TSE:NA) Receives C$136.10 Consensus PT from Analysts

National Bank of Canada (TSE:NA) has been given an average rating of “Hold” by the thirteen analysts that are covering the company, MarketBeat reports. One 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 company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$136.10.

Several research firms have recently weighed in on NA. Barclays cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. Cibc World Mkts downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 20th. BMO Capital Markets boosted their price objective on National Bank of Canada from C$125.00 to C$143.00 in a research note on Monday, November 18th. TD Securities decreased their target price on National Bank of Canada from C$140.00 to C$138.00 in a research note on Thursday, December 5th. Finally, Scotiabank lifted their target price on National Bank of Canada from C$129.00 to C$154.00 in a report on Monday, November 25th.

Insiders Place Their Bets

In other news, Senior Officer Brigitte Hébert sold 400 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of C$132.46, for a total value of C$52,984.00. Also, Director Yvon Charest bought 285 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were bought at an average cost of C$133.71 per share, for a total transaction of C$38,107.35. Corporate insiders own 0.21% of the company’s stock.

National Bank of Canada Stock Performance

TSE:NA opened at C$131.04 on Monday. National Bank of Canada has a fifty-two week low of C$98.04 and a fifty-two week high of C$141.15. The company has a 50 day simple moving average of C$134.02 and a two-hundred day simple moving average of C$123.88. The company has a market capitalization of C$44.60 billion, a PE ratio of 12.76, a P/E/G ratio of 7.14 and a beta of 1.12.

National Bank of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Monday, December 30th will be given a $1.14 dividend. The ex-dividend date is Monday, December 30th. This represents a $4.56 annualized dividend and a yield of 3.48%. This is an increase from National Bank of Canada’s previous quarterly dividend of $1.10. National Bank of Canada’s dividend payout ratio (DPR) is presently 42.84%.

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.