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

National Bank of Canada (TSE:NA)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$123.27 and traded as high as C$133.15. National Bank of Canada shares last traded at C$132.70, with a volume of 501,424 shares trading hands.

Analyst Ratings Changes

Several research firms recently weighed in on NA. BMO Capital Markets lifted their price objective on National Bank of Canada from C$125.00 to C$143.00 in a report on Monday, November 18th. Canaccord Genuity Group upped their price target on shares of National Bank of Canada from C$135.00 to C$142.00 in a research report on Thursday, December 5th. Barclays lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Scotiabank boosted their price objective on shares of National Bank of Canada from C$129.00 to C$154.00 in a research note on Monday, November 25th. Finally, Cibc World Mkts downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 20th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$136.10.

National Bank of Canada Stock Up 0.0 %

The firm has a market cap of C$45.17 billion, a price-to-earnings ratio of 12.92, a P/E/G ratio of 7.14 and a beta of 1.12. The business’s 50-day simple moving average is C$133.91 and its two-hundred day simple moving average is C$123.27.

National Bank of Canada Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Monday, December 30th will be issued a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 3.44%. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Monday, December 30th. National Bank of Canada’s payout ratio is presently 42.84%.

Insider Transactions at National Bank of Canada

In other news, Director Yvon Charest purchased 285 shares of the stock in a transaction dated Tuesday, November 19th. The shares were purchased 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.

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.