National Bank of Canada (TSE:NA) Receives C$136.40 Average Price Target from Analysts

National Bank of Canada (TSE:NA) has been given a consensus rating of “Hold” by the twelve ratings firms that are covering the firm, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$136.40.

A number of equities analysts have recently commented on NA shares. UBS Group cut their target price on shares of National Bank of Canada from C$145.00 to C$140.00 in a research note on Friday, February 28th. Cormark cut their target price on shares of National Bank of Canada from C$139.00 to C$137.00 in a research note on Thursday, February 27th. Desjardins cut their target price on shares of National Bank of Canada from C$140.00 to C$136.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Royal Bank of Canada cut their target price on shares of National Bank of Canada from C$145.00 to C$144.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 27th. Finally, Cibc World Mkts downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th.

National Bank of Canada Stock Performance

Shares of TSE NA opened at C$117.98 on Friday. National Bank of Canada has a 1 year low of C$105.43 and a 1 year high of C$141.15. The firm’s 50 day moving average price is C$125.45 and its 200 day moving average price is C$129.06. The firm has a market cap of C$46.00 billion, a P/E ratio of 10.47, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12.

National Bank of Canada Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Monday, March 31st will be paid a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 3.87%. National Bank of Canada’s dividend payout ratio is presently 39.03%.

Insider Activity at National Bank of Canada

In other news, Director Macky Tall purchased 4,182 shares of National Bank of Canada stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average price of C$119.14 per share, for a total transaction of C$498,243.48. Also, Senior Officer Lucie Blanchet purchased 2,147 shares of National Bank of Canada stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of C$116.28 per share, with a total value of C$249,653.16. Insiders acquired a total of 12,673 shares of company stock valued at $1,511,673 over the last ninety days. 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.