National Bank of Canada (TSE:NA) Upgraded by Cormark to Moderate Buy Rating

Cormark upgraded shares of National Bank of Canada (TSE:NA) from a hold rating to a moderate buy rating in a research note issued to investors on Wednesday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Canaccord Genuity Group raised their price objective on National Bank of Canada from C$135.00 to C$142.00 in a report on Thursday, December 5th. Scotiabank lifted their price target on shares of National Bank of Canada from C$129.00 to C$154.00 in a research note on Monday, November 25th. Royal Bank of Canada boosted their price objective on shares of National Bank of Canada from C$134.00 to C$145.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 8th. CIBC increased their target price on shares of National Bank of Canada from C$135.00 to C$141.00 in a report on Tuesday, November 26th. Finally, BMO Capital Markets lifted their target price on shares of National Bank of Canada from C$125.00 to C$143.00 in a research report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$137.20.

National Bank of Canada Stock Down 2.0 %

TSE NA opened at C$128.79 on Wednesday. The stock’s 50-day simple moving average is C$133.92 and its two-hundred day simple moving average is C$125.64. National Bank of Canada has a twelve month low of C$98.26 and a twelve month high of C$141.15. The company has a market capitalization of C$43.84 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 7.14 and a beta of 1.12.

National Bank of Canada Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Monday, December 30th will be given a $1.14 dividend. This is a boost 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 dividend on an annualized basis and a dividend yield of 3.54%. National Bank of Canada’s payout ratio is presently 42.84%.

Insider Activity

In other National Bank of Canada news, insider Marie-Chantal Gingras sold 600 shares of the company’s stock in a transaction 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, Director Yvon Charest bought 285 shares of the company’s stock in a transaction dated 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. 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.