Analysts Set National Bank of Canada (TSE:NA) Price Target at C$137.20

Shares of National Bank of Canada (TSE:NA) have earned a consensus recommendation of “Hold” from the twelve research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$137.20.

Several research firms have recently commented on NA. Cormark raised shares of National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, January 15th. Canaccord Genuity Group upped their price target on National Bank of Canada from C$135.00 to C$142.00 in a research note on Thursday, December 5th. Barclays lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. TD Securities reduced their target price on shares of National Bank of Canada from C$140.00 to C$138.00 in a research report on Thursday, December 5th. Finally, CIBC upped their price objective on shares of National Bank of Canada from C$135.00 to C$141.00 in a report on Tuesday, November 26th.

National Bank of Canada Price Performance

NA opened at C$131.05 on Friday. The firm has a market capitalization of C$44.61 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 7.14 and a beta of 1.12. The business has a 50 day simple moving average of C$133.59 and a two-hundred day simple moving average of C$126.66. National Bank of Canada has a one year low of C$100.47 and a one year high of C$141.15.

National Bank of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Monday, December 30th will be given a dividend of $1.14 per share. The ex-dividend date of this dividend is Monday, December 30th. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.10. This represents a $4.56 annualized dividend and a dividend yield of 3.48%. National Bank of Canada’s dividend payout ratio (DPR) is 42.84%.

Insiders Place Their Bets

In related news, insider Marie-Chantal Gingras sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of C$132.79, for a total value of C$79,674.00. 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 transaction of C$52,984.00. 0.21% of the stock is owned by 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.