National Bank of Canada (TSE:NA) Receives Consensus Recommendation of “Hold” from Analysts

Shares of National Bank of Canada (TSE:NA) have earned a consensus rating of “Hold” from the twelve research firms that are currently covering the company, Marketbeat reports. 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. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$139.40.

A number of research firms recently issued reports on NA. Royal Bank of Canada increased their target price on National Bank of Canada from C$134.00 to C$145.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 8th. Canaccord Genuity Group increased their price objective on shares of National Bank of Canada from C$135.00 to C$142.00 in a research report on Thursday, December 5th. Cormark upgraded shares of National Bank of Canada from a “hold” rating to a “moderate buy” rating in a report on Wednesday, January 15th. UBS Group lowered their target price on National Bank of Canada from C$150.00 to C$145.00 in a report on Friday. Finally, Cibc World Mkts raised National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th.

National Bank of Canada Trading Down 0.3 %

National Bank of Canada stock opened at C$126.23 on Tuesday. The firm has a market capitalization of C$49.21 billion, a P/E ratio of 11.20, a PEG ratio of 7.14 and a beta of 1.12. The business has a 50-day moving average of C$130.70 and a 200-day moving average of C$128.37. National Bank of Canada has a 1 year low of C$102.40 and a 1 year high of C$141.15.

National Bank of Canada Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, February 1st. Investors of record on Monday, December 30th were given a $1.14 dividend. 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 3.61%. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.10. National Bank of Canada’s dividend payout ratio (DPR) is presently 39.03%.

Insider Activity at National Bank of Canada

In related news, insider Marie-Chantal Gingras sold 600 shares of the company’s stock in a transaction that occurred 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 business’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of C$132.46, for a total transaction of C$52,984.00. 0.21% of the stock is currently owned by 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.