National Bank of Canada (TSE:NA) Share Price Crosses Above 200 Day Moving Average – What’s Next?

National Bank of Canada (TSE:NA)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$122.66 and traded as high as C$134.28. National Bank of Canada shares last traded at C$133.37, with a volume of 876,684 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NA shares. BMO Capital Markets upped their price objective on shares of National Bank of Canada from C$125.00 to C$143.00 in a research note on Monday, November 18th. CIBC increased their price target on National Bank of Canada from C$135.00 to C$141.00 in a research report on Tuesday, November 26th. TD Securities cut their price objective on National Bank of Canada from C$140.00 to C$138.00 in a research report on Thursday, December 5th. Scotiabank raised their target price on National Bank of Canada from C$129.00 to C$154.00 in a research note on Monday, November 25th. Finally, Royal Bank of Canada lifted their price target on National Bank of Canada from C$116.00 to C$134.00 in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$136.10.

National Bank of Canada Stock Performance

The company has a market capitalization of C$45.40 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of 7.14 and a beta of 1.12. The business’s 50-day simple moving average is C$133.51 and its 200-day simple moving average is C$122.66.

National Bank of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Monday, December 30th will be paid a $1.14 dividend. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.10. This represents a $4.56 dividend on an annualized basis and a yield of 3.42%. National Bank of Canada’s dividend payout ratio (DPR) is presently 42.84%.

Insider Buying and Selling at National Bank of Canada

In other news, Director Yvon Charest acquired 285 shares of National Bank of Canada stock in a transaction that occurred on Tuesday, November 19th. The shares were acquired at an average price of C$133.71 per share, with a total value of C$38,107.35. Corporate 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.