National Bank of Canada (TSE:NA) Receives Average Rating of “Hold” from Brokerages

Shares of National Bank of Canada (TSE:NA) have earned a consensus recommendation of “Hold” from the twelve research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$137.20.

A number of brokerages have weighed in on NA. Cibc World Mkts upgraded shares of National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. TD Securities dropped their target price on National Bank of Canada from C$140.00 to C$138.00 in a research report on Thursday, December 5th. Cormark raised shares of National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, January 15th. Barclays cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Finally, BMO Capital Markets lifted their price target on shares of National Bank of Canada from C$125.00 to C$143.00 in a research note on Monday, November 18th.

National Bank of Canada Trading Up 0.3 %

TSE NA opened at C$130.48 on Friday. National Bank of Canada has a 12 month low of C$100.47 and a 12 month high of C$141.15. The stock’s fifty day moving average price is C$133.68 and its 200-day moving average price is C$126.24. The stock has a market cap of C$44.41 billion, a P/E ratio of 12.70, a P/E/G ratio of 7.14 and a beta of 1.12.

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 given a dividend of $1.14 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $4.56 dividend on an annualized basis and a yield of 3.49%. This is an increase from National Bank of Canada’s previous quarterly dividend of $1.10. National Bank of Canada’s dividend payout ratio (DPR) is presently 42.84%.

Insider Buying and Selling

In other news, Senior Officer Brigitte Hébert sold 400 shares of National Bank of Canada 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. Also, Director Yvon Charest purchased 285 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were purchased at an average price of C$133.71 per share, for a total transaction of C$38,107.35. 0.21% of the stock is currently owned by company 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.