Brokerages Set National Bank of Canada (TSE:NA) Target Price at C$139.40

National Bank of Canada (TSE:NA) has earned an average recommendation of “Hold” from the thirteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$138.20.

Several brokerages have weighed in on NA. TD Securities cut their price target on National Bank of Canada from C$140.00 to C$138.00 in a report on Thursday, December 5th. Cibc World Mkts lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Scotiabank decreased their price target on National Bank of Canada from C$154.00 to C$125.00 and set a “sector perform” rating on the stock in a research note on Thursday. Royal Bank of Canada upped their price objective on shares of National Bank of Canada from C$134.00 to C$145.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 8th. Finally, Barclays downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st.

Insiders Place Their Bets

In other National Bank of Canada news, Director Yvon Charest bought 334 shares of National Bank of Canada stock in a transaction dated Wednesday, February 19th. The stock was bought at an average cost of C$125.90 per share, for a total transaction of C$42,050.60. Also, Senior Officer Brigitte Hébert sold 400 shares of the stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of C$132.46, for a total value of C$52,984.00. 0.21% of the stock is owned by company insiders.

National Bank of Canada Price Performance

TSE:NA opened at C$124.43 on Tuesday. The firm has a market cap of C$48.51 billion, a PE ratio of 11.04, a P/E/G ratio of 7.14 and a beta of 1.12. The firm has a 50 day simple moving average of C$129.74 and a 200-day simple moving average of C$128.52. National Bank of Canada has a 1-year low of C$102.90 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. Shareholders of record on Monday, December 30th were issued a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Monday, December 30th. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.10. National Bank of Canada’s dividend payout ratio is currently 39.03%.

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.