Royal Bank of Canada Issues Pessimistic Forecast for National Bank of Canada (TSE:NA) Stock Price

National Bank of Canada (TSE:NA) had its price objective decreased by Royal Bank of Canada from C$145.00 to C$144.00 in a research report report published on Thursday morning,BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the financial services provider’s stock.

A number of other research analysts have also weighed in on the stock. TD Securities decreased their target price on shares of National Bank of Canada from C$140.00 to C$138.00 in a research note on Thursday, December 5th. Jefferies Financial Group reduced their price target on shares of National Bank of Canada from C$153.00 to C$149.00 in a research report on Tuesday, February 18th. CIBC reduced their price target on shares of National Bank of Canada from C$141.00 to C$135.00 in a research report on Tuesday, February 18th. Cibc World Mkts lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Finally, Barclays lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, National Bank of Canada currently has a consensus rating of “Hold” and a consensus price target of C$137.20.

National Bank of Canada Price Performance

NA opened at C$120.41 on Thursday. The company’s 50 day simple moving average is C$128.77 and its two-hundred day simple moving average is C$128.95. National Bank of Canada has a 1-year low of C$104.84 and a 1-year high of C$141.15. The firm has a market capitalization of C$46.95 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12.

National Bank of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Monday, March 31st will be issued a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 3.79%. National Bank of Canada’s dividend payout ratio (DPR) is presently 39.03%.

Insider Activity at National Bank of Canada

In related news, insider Marie-Chantal Gingras bought 1,750 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average price of C$119.45 per share, for a total transaction of C$209,037.50. Also, Director Yvon Charest purchased 334 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was acquired at an average price of C$125.90 per share, with a total value of C$42,050.60. In the last quarter, insiders purchased 6,344 shares of company stock worth $763,776. 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.