National Bank of Canada (TSE:NA) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

National Bank of Canada (TSE:NA)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$127.09 and traded as high as C$131.20. National Bank of Canada shares last traded at C$128.99, with a volume of 1,782,721 shares trading hands.

Analysts Set New Price Targets

Several brokerages recently commented on NA. Scotiabank raised their target price on National Bank of Canada from C$129.00 to C$154.00 in a report on Monday, November 25th. Canaccord Genuity Group raised their target price on National Bank of Canada from C$135.00 to C$142.00 in a report on Thursday, December 5th. Royal Bank of Canada raised their target price on National Bank of Canada from C$134.00 to C$145.00 and gave the company a “sector perform” rating in a report on Wednesday, January 8th. CIBC raised their target price on National Bank of Canada from C$135.00 to C$141.00 in a report on Tuesday, November 26th. Finally, Cormark upgraded National Bank of Canada from a “hold” rating to a “moderate buy” rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$137.20.

National Bank of Canada Stock Performance

The firm has a fifty day simple moving average of C$133.13 and a 200-day simple moving average of C$127.09. The company has a market capitalization of C$43.91 billion, a PE ratio of 12.56, a P/E/G 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 will be paid on Saturday, February 1st. Stockholders of record on Monday, December 30th will be given a $1.14 dividend. This is a positive change from National Bank of Canada’s previous quarterly dividend of $1.10. The ex-dividend date is Monday, December 30th. This represents a $4.56 annualized dividend and a dividend yield of 3.54%. National Bank of Canada’s dividend payout ratio (DPR) is presently 42.84%.

Insider Transactions at National Bank of Canada

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

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.