National Bank of Canada (TSE:NA - Free Report) had its price objective lowered by Desjardins from C$140.00 to C$136.00 in a report issued on Thursday morning,BayStreet.CA reports. Desjardins currently has a hold rating on the financial services provider's stock. Desjardins also issued estimates for National Bank of Canada's Q2 2025 earnings at $2.39 EPS, Q3 2025 earnings at $2.60 EPS, Q3 2025 earnings at $2.60 EPS, Q4 2025 earnings at $2.83 EPS, Q4 2025 earnings at $2.83 EPS, FY2026 earnings at $11.60 EPS and FY2026 earnings at $11.60 EPS.
A number of other brokerages also recently issued reports on NA. Scotiabank cut their price target on shares of National Bank of Canada from C$154.00 to C$125.00 and set a "sector perform" rating for the company in a report on Thursday, February 20th. Jefferies Financial Group dropped their target price on shares of National Bank of Canada from C$153.00 to C$149.00 in a report on Tuesday, February 18th. Cormark downgraded shares of National Bank of Canada from a "moderate buy" rating to a "hold" rating in a report on Friday, February 21st. Canaccord Genuity Group raised their target price on shares of National Bank of Canada from C$135.00 to C$142.00 in a report on Thursday, December 5th. Finally, BMO Capital Markets raised their target price on shares of National Bank of Canada from C$125.00 to C$143.00 in a report on Monday, November 18th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of C$137.20.
View Our Latest Stock Analysis on NA
National Bank of Canada Trading Down 1.5 %
Shares of NA traded down C$1.78 during trading hours on Thursday, reaching C$118.63. The company had a trading volume of 2,172,605 shares, compared to its average volume of 1,753,081. The firm has a 50 day simple moving average of C$128.77 and a 200-day simple moving average of C$129.06. The company has a market capitalization of C$46.25 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 12-month low of C$105.43 and a 12-month 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. Investors of record on Monday, March 31st will be given a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 3.84%. National Bank of Canada's dividend payout ratio is presently 39.03%.
Insider Buying and Selling
In other National Bank of Canada news, Director Macky Tall purchased 4,182 shares of National Bank of Canada stock in a transaction on Monday, March 3rd. The shares were purchased at an average cost of C$119.14 per share, with a total value of C$498,243.48. Also, Senior Officer Brigitte Hébert sold 400 shares of National Bank of Canada 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 transaction of C$52,984.00. Over the last three months, insiders have purchased 10,526 shares of company stock valued at $1,262,020. Insiders own 0.21% of the company's stock.
About National Bank of Canada
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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.
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