UBS Group Cuts National Bank of Canada (TSE:NA) Price Target to C$140.00

National Bank of Canada (TSE:NA) had its price objective cut by UBS Group from C$145.00 to C$140.00 in a research note published on Friday morning,BayStreet.CA reports.

Other research analysts have also issued research reports about the company. Canaccord Genuity Group boosted their price target on National Bank of Canada from C$135.00 to C$142.00 in a research report on Thursday, December 5th. Cormark reduced their price target on National Bank of Canada from C$139.00 to C$137.00 in a research report on Thursday. Cibc World Mkts lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. TD Securities cut their price objective on National Bank of Canada from C$135.00 to C$131.00 and set a “hold” rating for the company in a report on Thursday. Finally, Barclays lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$137.20.

National Bank of Canada Stock Performance

Shares of NA stock opened at C$120.41 on Friday. National Bank of Canada has a 1 year low of C$104.84 and a 1 year high of C$141.15. The stock has a fifty day moving average of C$128.77 and a two-hundred day moving average of C$129.06. The firm has a market capitalization of C$46.95 billion, a PE 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. Stockholders of record on Monday, March 31st will be given a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.79%. National Bank of Canada’s dividend payout ratio (DPR) is presently 39.03%.

Insider Transactions at National Bank of Canada

In related news, insider Marie-Chantal Gingras sold 600 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of C$132.79, for a total transaction of C$79,674.00. Also, Director Yvon Charest purchased 334 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were acquired at an average cost of C$125.90 per share, for a total transaction of C$42,050.60. Insiders have purchased 6,344 shares of company stock valued at $763,776 over the last three months. 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.