Jefferies Financial Group Lowers National Bank of Canada (TSE:NA) Price Target to C$147.00

National Bank of Canada (TSE:NA) had its target price reduced by Jefferies Financial Group from C$149.00 to C$147.00 in a research report released on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the financial services provider’s stock.

NA has been the topic of a number of other reports. Royal Bank of Canada lowered their target price on National Bank of Canada from C$145.00 to C$144.00 and set a “sector perform” rating on the stock in a research note on Thursday. TD Securities lowered their target price on National Bank of Canada from C$135.00 to C$131.00 and set a “hold” rating on the stock in a research note on Thursday. BMO Capital Markets lifted their target price on National Bank of Canada from C$125.00 to C$143.00 in a research note on Monday, November 18th. Desjardins lowered their target price on National Bank of Canada from C$140.00 to C$136.00 and set a “hold” rating on the stock in a research note on Thursday. Finally, Cibc World Mkts cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, National Bank of Canada presently has an average rating of “Hold” and an average target price of C$137.20.

National Bank of Canada Price Performance

NA opened at C$120.41 on Thursday. The company has a market capitalization of C$46.95 billion, a price-to-earnings ratio of 10.68, a P/E/G ratio of 7.14 and a beta of 1.12. The firm’s fifty day moving average price is C$128.77 and its two-hundred day moving average price 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.

National Bank of Canada Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors 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 yield of 3.79%. 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 bought 4,200 shares of National Bank of Canada stock in a transaction on Thursday, February 27th. The stock was acquired at an average price of C$120.34 per share, with a total value of C$505,428.00. Also, Director Yvon Charest bought 334 shares of National Bank of Canada stock in a transaction on Wednesday, February 19th. The shares were bought at an average cost of C$125.90 per share, with a total value of C$42,050.60. In the last three months, insiders have bought 6,344 shares of company stock worth $763,776. Company 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.