National Bank of Canada (TSE:NA) Shares Cross Above 200-Day Moving Average of $114.11

National Bank of Canada (TSE:NA) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$114.11 and traded as high as C$127.41. National Bank of Canada shares last traded at C$126.85, with a volume of 982,129 shares traded.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Desjardins boosted their target price on shares of National Bank of Canada from C$116.00 to C$118.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. CIBC upped their target price on shares of National Bank of Canada from C$134.00 to C$135.00 in a research report on Friday, September 6th. BMO Capital Markets increased their target price on shares of National Bank of Canada from C$115.00 to C$125.00 in a report on Thursday, August 29th. Jefferies Financial Group boosted their price target on National Bank of Canada from C$119.00 to C$126.00 in a research note on Thursday, August 29th. Finally, TD Securities raised their price objective on National Bank of Canada from C$123.00 to C$129.00 in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$122.64.

National Bank of Canada Price Performance

The company has a 50-day moving average of C$117.98 and a two-hundred day moving average of C$114.11. The stock has a market capitalization of C$43.18 billion, a PE ratio of 12.35, a P/E/G ratio of 17.04 and a beta of 1.12.

National Bank of Canada (TSE:NA) last announced its quarterly earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share for the quarter, beating analysts’ consensus estimates of C$2.50 by C$0.18. National Bank of Canada had a net margin of 34.50% and a return on equity of 15.18%. The company had revenue of C$2.98 billion for the quarter, compared to analyst estimates of C$2.95 billion. On average, research analysts forecast that National Bank of Canada will post 10.7004292 EPS for the current fiscal year.

National Bank of Canada Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Monday, September 30th will be issued a dividend of $1.10 per share. The ex-dividend date is Friday, September 27th. This represents a $4.40 annualized dividend and a dividend yield of 3.47%. National Bank of Canada’s payout ratio is 42.84%.

Insider Buying and Selling at National Bank of Canada

In related news, Director Yvon Charest purchased 325 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was purchased at an average price of C$117.24 per share, for a total transaction of C$38,103.00. 0.20% of the stock is currently 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.