National Bank of Canada (TSE:NA) Given New C$135.00 Price Target at CIBC

National Bank of Canada (TSE:NA) had its price target cut by CIBC from C$141.00 to C$135.00 in a report published on Tuesday morning,BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the stock. Barclays cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. BMO Capital Markets boosted their price objective on shares of National Bank of Canada from C$125.00 to C$143.00 in a research note on Monday, November 18th. Canaccord Genuity Group boosted their price objective on shares of National Bank of Canada from C$135.00 to C$142.00 in a research note on Thursday, December 5th. Cormark raised shares of National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, January 15th. Finally, Jefferies Financial Group reduced their price objective on shares of National Bank of Canada from C$153.00 to C$149.00 in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$141.10.

National Bank of Canada Stock Down 0.9 %

TSE NA opened at C$125.05 on Tuesday. The company’s 50 day moving average is C$130.52 and its 200-day moving average is C$128.45. National Bank of Canada has a 12-month low of C$102.90 and a 12-month high of C$141.15. The firm has a market cap of C$48.75 billion, a P/E ratio of 11.09, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12.

National Bank of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, February 1st. Stockholders of record on Monday, December 30th were paid a $1.14 dividend. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Monday, December 30th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.65%. National Bank of Canada’s dividend payout ratio is 39.03%.

Insider Activity

In related news, insider Marie-Chantal Gingras sold 600 shares of the company’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. Also, Senior Officer Brigitte Hébert sold 400 shares of the company’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of C$132.46, for a total transaction of C$52,984.00. 0.21% of the stock is owned by corporate insiders.

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.