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

National Bank of Canada (TSE:NA) has been assigned an average recommendation of “Hold” from the twelve brokerages that are presently covering the company, MarketBeat.com reports. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$136.40.

Several equities analysts have weighed in on the company. Scotiabank dropped their price target on National Bank of Canada from C$154.00 to C$125.00 and set a “sector perform” rating for the company in a research report on Thursday, February 20th. TD Securities lowered their price objective on National Bank of Canada from C$135.00 to C$131.00 and set a “hold” rating for the company in a research report on Wednesday, March 5th. UBS Group lowered their price objective on National Bank of Canada from C$145.00 to C$140.00 in a research report on Friday, February 28th. Cormark lowered their price objective on National Bank of Canada from C$139.00 to C$137.00 in a research report on Thursday, February 27th. Finally, Barclays downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st.

National Bank of Canada Stock Performance

National Bank of Canada stock opened at C$116.96 on Friday. The stock has a fifty day moving average of C$125.73 and a two-hundred day moving average of C$128.93. The company has a market capitalization of C$45.60 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 7.14 and a beta of 1.12. National Bank of Canada has a fifty-two week low of C$105.43 and a fifty-two week high of C$141.15.

National Bank of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Monday, March 31st will be issued a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a dividend yield of 3.90%. National Bank of Canada’s dividend payout ratio (DPR) is presently 39.03%.

Insider Activity

In related news, insider Marie-Chantal Gingras sold 600 shares of the stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of C$132.79, for a total value of C$79,674.00. Also, Senior Officer Brigitte Hébert sold 400 shares of the stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of C$132.46, for a total value of C$52,984.00. Over the last ninety days, insiders purchased 12,673 shares of company stock valued at $1,511,673. 0.21% of the stock is currently owned by 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.