Brokerages Set National Bank of Canada (TSE:NA) Price Target at C$136.10

National Bank of Canada (TSE:NA) has received a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$136.10.

NA has been the subject of a number of analyst reports. Cormark decreased their price objective on shares of National Bank of Canada from C$145.00 to C$142.00 in a research report on Thursday, December 5th. CIBC lifted their price target on National Bank of Canada from C$135.00 to C$141.00 in a report on Tuesday, November 26th. Royal Bank of Canada upped their price objective on National Bank of Canada from C$116.00 to C$134.00 in a research note on Thursday, December 5th. Canaccord Genuity Group lifted their target price on National Bank of Canada from C$135.00 to C$142.00 in a research note on Thursday, December 5th. Finally, BMO Capital Markets boosted their target price on National Bank of Canada from C$125.00 to C$143.00 in a report on Monday, November 18th.

National Bank of Canada Stock Performance

TSE:NA opened at C$131.04 on Monday. National Bank of Canada has a 52-week low of C$98.04 and a 52-week high of C$141.15. The company has a market cap of C$44.60 billion, a P/E ratio of 12.76, a P/E/G ratio of 7.14 and a beta of 1.12. The stock’s 50-day simple moving average is C$134.02 and its 200 day simple moving average is C$123.88.

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 paid 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 3.48%. National Bank of Canada’s dividend payout ratio (DPR) is presently 42.84%.

Insider Buying and Selling

In related news, Director Yvon Charest bought 285 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were purchased 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 stock in a transaction 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. 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.