National Bank of Canada (TSE:NA) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of National Bank of Canada (TSE:NA) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$127.09 and traded as high as C$131.20. National Bank of Canada shares last traded at C$128.99, with a volume of 1,782,721 shares traded.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NA shares. Barclays cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Cormark upgraded National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, January 15th. Scotiabank boosted their price objective on National Bank of Canada from C$129.00 to C$154.00 in a research note on Monday, November 25th. BMO Capital Markets boosted their price objective on National Bank of Canada from C$125.00 to C$143.00 in a research note on Monday, November 18th. Finally, CIBC boosted their price objective on National Bank of Canada from C$135.00 to C$141.00 in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$137.20.

National Bank of Canada Price Performance

The stock has a 50-day simple moving average of C$133.13 and a 200 day simple moving average of C$127.09. The company has a market capitalization of C$43.91 billion, a PE ratio of 12.56, 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. Stockholders of record on Monday, December 30th will be given a $1.14 dividend. This is an increase from National Bank of Canada’s previous quarterly dividend of $1.10. This represents a $4.56 annualized dividend and a dividend yield of 3.54%. The ex-dividend date is Monday, December 30th. National Bank of Canada’s dividend payout ratio is currently 42.84%.

Insider Activity

In other National Bank of Canada news, Senior Officer Brigitte Hébert sold 400 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of C$132.46, for a total value of C$52,984.00. Also, Director Yvon Charest purchased 285 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was acquired at an average cost of C$133.71 per share, for a total transaction of C$38,107.35. Company insiders own 0.21% of the company’s stock.

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.