National Bank of Canada (TSE:NA) Upgraded at Cormark

Cormark upgraded shares of National Bank of Canada (TSE:NA) from a hold rating to a moderate buy rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

NA has been the topic of a number of other reports. 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. Scotiabank boosted their target price on shares of National Bank of Canada from C$129.00 to C$154.00 in a research note on Monday, November 25th. TD Securities reduced their target price on shares of National Bank of Canada from C$140.00 to C$138.00 in a research report on Thursday, December 5th. Canaccord Genuity Group lifted their price target on shares of National Bank of Canada from C$135.00 to C$142.00 in a report on Thursday, December 5th. Finally, Royal Bank of Canada increased their price objective on National Bank of Canada from C$134.00 to C$145.00 and gave the company a “sector perform” rating in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, National Bank of Canada presently has an average rating of “Hold” and a consensus target price of C$137.20.

National Bank of Canada Trading Down 2.0 %

Shares of NA opened at C$128.79 on Wednesday. The stock has a 50 day moving average of C$133.92 and a 200 day moving average of C$125.64. The company has a market capitalization of C$43.84 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 12 month low of C$98.26 and a 12 month high of C$141.15.

National Bank of Canada Increases Dividend

The business 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 dividend of $1.14 per share. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.10. The ex-dividend date is Monday, December 30th. This represents a $4.56 dividend on an annualized basis and a yield of 3.54%. National Bank of Canada’s dividend payout ratio is 42.84%.

Insiders Place Their Bets

In other National Bank of Canada news, Senior Officer Brigitte Hébert sold 400 shares of the stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of C$132.46, for a total value of C$52,984.00. Also, insider Marie-Chantal Gingras sold 600 shares of the firm’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of C$132.79, for a total transaction of C$79,674.00. 0.21% of the stock is owned by corporate insiders.

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.