National Bank of Canada (TSE:NA) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of National Bank of Canada (TSE:NA) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$122.66 and traded as high as C$134.28. National Bank of Canada shares last traded at C$133.37, with a volume of 876,684 shares trading hands.

Analyst Ratings Changes

Several brokerages have recently commented on NA. Barclays downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Jefferies Financial Group upped their price objective on shares of National Bank of Canada from C$119.00 to C$126.00 in a research note on Thursday, August 29th. Scotiabank lifted their target price on shares of National Bank of Canada from C$129.00 to C$154.00 in a research report on Monday, November 25th. Royal Bank of Canada raised their price objective on shares of National Bank of Canada from C$116.00 to C$134.00 in a research note on Thursday, December 5th. Finally, CIBC lifted their price objective on shares of National Bank of Canada from C$135.00 to C$141.00 in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, National Bank of Canada has a consensus rating of “Hold” and an average price target of C$136.10.

National Bank of Canada Price Performance

The stock’s 50 day moving average price is C$133.51 and its two-hundred day moving average price is C$122.66. The firm has a market capitalization of C$45.40 billion, a price-to-earnings ratio of 12.99, a PEG 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. Stockholders of record on Monday, December 30th will be issued a dividend of $1.14 per share. This is a positive change from National Bank of Canada’s previous quarterly dividend of $1.10. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.42%. National Bank of Canada’s payout ratio is 42.84%.

Insider Transactions at National Bank of Canada

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

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.