National Bank of Canada (TSE:NA) Price Target Raised to C$145.00 at Royal Bank of Canada

National Bank of Canada (TSE:NA) had its price objective upped by Royal Bank of Canada from C$134.00 to C$145.00 in a research note released on Wednesday,BayStreet.CA reports. The firm currently has a sector perform rating on the financial services provider’s stock.

Several other analysts have also recently commented on NA. BMO Capital Markets boosted their price target on shares of National Bank of Canada from C$125.00 to C$143.00 in a research note on Monday, November 18th. Cibc World Mkts lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 20th. Canaccord Genuity Group raised their price target on National Bank of Canada from C$135.00 to C$142.00 in a report on Thursday, December 5th. Barclays cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Finally, Cormark cut their target price on shares of National Bank of Canada from C$145.00 to C$142.00 in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$137.20.

National Bank of Canada Stock Performance

NA stock opened at C$132.49 on Wednesday. The company’s fifty day moving average price is C$133.97 and its 200-day moving average price is C$124.94. National Bank of Canada has a one year low of C$98.04 and a one year high of C$141.15. The company has a market capitalization of C$45.10 billion, a PE ratio of 12.90, 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 disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Monday, December 30th will be given a dividend of $1.14 per share. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Monday, December 30th. This represents a $4.56 dividend on an annualized basis and a yield of 3.44%. National Bank of Canada’s payout ratio is 42.84%.

Insider Activity

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

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.