National Bank of Canada (TSE:NA) Shares Cross Above 200 Day Moving Average – Here’s Why

National Bank of Canada (TSE:NA)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$123.27 and traded as high as C$133.15. National Bank of Canada shares last traded at C$132.70, with a volume of 501,424 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Scotiabank increased their price objective on shares of National Bank of Canada from C$129.00 to C$154.00 in a research report on Monday, November 25th. Jefferies Financial Group upped their price target on National Bank of Canada from C$119.00 to C$126.00 in a research note on Thursday, August 29th. Cormark dropped their price objective on National Bank of Canada from C$145.00 to C$142.00 in a research note on Thursday, December 5th. CIBC boosted their price objective on National Bank of Canada from C$135.00 to C$141.00 in a report on Tuesday, November 26th. Finally, Royal Bank of Canada raised their target price on National Bank of Canada from C$116.00 to C$134.00 in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$136.10.

National Bank of Canada Trading Up 0.0 %

The company has a market cap of C$45.17 billion, a PE ratio of 12.92, a P/E/G ratio of 7.14 and a beta of 1.12. The company has a fifty day simple moving average of C$133.91 and a two-hundred day simple moving average of C$123.27.

National Bank of Canada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Monday, December 30th will be paid a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.44%. 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. National Bank of Canada’s dividend payout ratio is presently 42.84%.

Insider Activity at National Bank of Canada

In other National Bank of Canada news, Director Yvon Charest purchased 285 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was bought at an average cost of C$133.71 per share, with a total value of C$38,107.35. 0.21% of the stock is owned by corporate insiders.

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.