National Bank of Canada (TSE:NA) Receives C$135.20 Consensus PT from Analysts

Shares of National Bank of Canada (TSE:NA) have been given a consensus recommendation of “Hold” by the twelve analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$135.20.

NA has been the subject of several recent analyst reports. Royal Bank of Canada decreased their target price on National Bank of Canada from C$145.00 to C$144.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. Cibc World Mkts downgraded shares of National Bank of Canada from a “hold” rating to a “strong sell” rating in a research report on Friday, April 4th. CIBC cut shares of National Bank of Canada from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from C$127.00 to C$115.00 in a research note on Friday, April 4th. Jefferies Financial Group dropped their price objective on shares of National Bank of Canada from C$149.00 to C$147.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Finally, UBS Group reduced their target price on shares of National Bank of Canada from C$145.00 to C$140.00 in a report on Friday, February 28th.

National Bank of Canada Stock Up 2.9 %

TSE NA opened at C$113.39 on Wednesday. National Bank of Canada has a 52 week low of C$105.43 and a 52 week high of C$141.15. The firm has a 50 day moving average of C$119.41 and a two-hundred day moving average of C$127.69. The stock has a market capitalization of C$44.21 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12.

National Bank of Canada Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Monday, March 31st will be issued a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 4.02%. National Bank of Canada’s dividend payout ratio is currently 39.03%.

Insider Activity at National Bank of Canada

In related news, Director Robert Paré acquired 4,200 shares of National Bank of Canada stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average price of C$120.34 per share, for a total transaction of C$505,428.00. Also, Director Yvon Charest acquired 334 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were bought at an average cost of C$125.90 per share, for a total transaction of C$42,050.60. Insiders bought a total of 13,673 shares of company stock worth $1,629,603 over the last 90 days. Company insiders own 0.21% of the company’s stock.

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.