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

Shares of National Bank of Canada (TSE:NA) have been assigned a consensus recommendation of “Hold” from the twelve research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$137.20.

NA has been the subject of a number of analyst reports. Barclays downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. TD Securities dropped their price target on shares of National Bank of Canada from C$140.00 to C$138.00 in a research report on Thursday, December 5th. Cormark raised shares of National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, January 15th. Scotiabank lifted their target price on shares of National Bank of Canada from C$129.00 to C$154.00 in a research note on Monday, November 25th. Finally, CIBC upped their price target on shares of National Bank of Canada from C$135.00 to C$141.00 in a research report on Tuesday, November 26th.

National Bank of Canada Trading Down 0.5 %

Shares of NA stock opened at C$129.46 on Friday. The firm has a market capitalization of C$44.07 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 7.14 and a beta of 1.12. The business’s 50-day moving average price is C$133.52 and its 200-day moving average price is C$126.91. National Bank of Canada has a 12 month low of C$100.47 and a 12 month high of C$141.15.

National Bank of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Monday, December 30th will be paid a dividend of $1.14 per share. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.10. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date is Monday, December 30th. National Bank of Canada’s dividend payout ratio is presently 42.84%.

Insider Buying and Selling at National Bank of Canada

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

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.