Brokerages Set National Bank of Canada (TSE:NA) Price Target at C$136.40

Shares of National Bank of Canada (TSE:NA) have earned an average recommendation of “Hold” from the twelve research firms that are covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$136.40.

A number of equities analysts have recently issued reports on NA shares. Scotiabank lowered their target price on shares of National Bank of Canada from C$154.00 to C$125.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 20th. Canaccord Genuity Group raised their target price on shares of National Bank of Canada from C$135.00 to C$142.00 in a research report on Thursday, December 5th. BMO Capital Markets lowered their target price on shares of National Bank of Canada from C$143.00 to C$135.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Cibc World Mkts lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group lowered their target price on shares of National Bank of Canada from C$149.00 to C$147.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th.

National Bank of Canada Stock Up 0.2 %

Shares of National Bank of Canada stock opened at C$118.07 on Friday. The firm has a market capitalization of C$46.03 billion, a P/E ratio of 10.47, a P/E/G ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 52 week low of C$105.43 and a 52 week high of C$141.15. The firm’s 50 day moving average is C$124.89 and its two-hundred day moving average is C$128.91.

National Bank of Canada Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors 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 3.86%. National Bank of Canada’s dividend payout ratio is presently 39.03%.

Insider Buying and Selling at National Bank of Canada

In other National Bank of Canada news, Director Lynn Loewen bought 1,000 shares of National Bank of Canada stock in a transaction on Monday, March 17th. The stock was bought at an average price of C$117.93 per share, with a total value of C$117,930.00. Also, insider Marie-Chantal Gingras sold 600 shares of National Bank of Canada stock in a transaction 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. Over the last quarter, insiders acquired 13,673 shares of company stock valued at $1,629,603. 0.21% of the stock is owned by company 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.