National Bank of Canada (TSE:NA) Given Consensus Recommendation of “Hold” by Analysts

National Bank of Canada (TSE:NA) has been given a consensus recommendation of “Hold” by the twelve analysts that are currently covering the company, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$136.40.

A number of equities research analysts have recently commented on the company. BMO Capital Markets cut their price objective on National Bank of Canada from C$143.00 to C$135.00 and set an “outperform” rating for the company in a research report on Thursday, February 27th. Cormark cut their price objective on National Bank of Canada from C$139.00 to C$137.00 in a research report on Thursday, February 27th. Cibc World Mkts downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Jefferies Financial Group cut their price objective on National Bank of Canada from C$149.00 to C$147.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Finally, CIBC reduced their target price on National Bank of Canada from C$135.00 to C$127.00 in a report on Wednesday, March 5th.

National Bank of Canada Price Performance

NA opened at C$116.96 on Friday. The company has a market capitalization of C$45.60 billion, a price-to-earnings ratio of 10.37, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 1-year low of C$105.43 and a 1-year high of C$141.15. The business has a 50 day moving average price of C$125.73 and a two-hundred day moving average price of C$128.93.

National Bank of Canada Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Monday, March 31st will be paid a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.90%. National Bank of Canada’s dividend payout ratio (DPR) is presently 39.03%.

Insider Transactions at National Bank of Canada

In other National Bank of Canada news, Director Robert Paré bought 4,200 shares of the stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of C$120.34 per share, with a total value of C$505,428.00. Also, Senior Officer Lucie Blanchet bought 2,147 shares of the stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of C$116.28 per share, for a total transaction of C$249,653.16. Over the last ninety days, insiders have purchased 12,673 shares of company stock valued at $1,511,673. 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.