National Bank of Canada (TSE:NA) Price Target Cut to C$149.00 by Analysts at Jefferies Financial Group

National Bank of Canada (TSE:NA - Free Report) had its price objective trimmed by Jefferies Financial Group from C$153.00 to C$149.00 in a report issued on Tuesday,BayStreet.CA reports.

A number of other analysts also recently issued reports on NA. Scotiabank boosted their price objective on shares of National Bank of Canada from C$129.00 to C$154.00 in a report on Monday, November 25th. BMO Capital Markets boosted their price objective on shares of National Bank of Canada from C$125.00 to C$143.00 in a report on Monday, November 18th. CIBC boosted their price objective on shares of National Bank of Canada from C$135.00 to C$141.00 in a report on Tuesday, November 26th. UBS Group cut their price target on shares of National Bank of Canada from C$150.00 to C$145.00 in a report on Friday, February 14th. Finally, Cormark raised shares of National Bank of Canada from a "hold" rating to a "moderate buy" rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, National Bank of Canada currently has an average rating of "Hold" and an average price target of C$138.20.

National Bank of Canada Stock Performance

NA traded down C$0.51 on Tuesday, reaching C$123.48. The company had a trading volume of 1,092,933 shares, compared to its average volume of 1,624,558. National Bank of Canada has a fifty-two week low of C$102.90 and a fifty-two week high of C$141.15. The stock has a market cap of C$48.14 billion, a P/E ratio of 10.95, a P/E/G ratio of 7.14 and a beta of 1.12. The company's fifty day moving average is C$130.15 and its 200 day moving average is C$128.40.

National Bank of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, February 1st. Stockholders of record on Monday, December 30th were issued 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 3.69%. The ex-dividend date of this dividend was Monday, December 30th. National Bank of Canada's dividend payout ratio (DPR) is currently 39.03%.

Insider Buying and Selling

In other news, insider Marie-Chantal Gingras sold 600 shares of the business's stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of C$132.79, for a total value of C$79,674.00. Also, Director Yvon Charest purchased 334 shares of the stock in a transaction dated Wednesday, February 19th. The stock was acquired at an average cost of C$125.90 per share, for a total transaction of C$42,050.60. 0.21% of the stock is owned by corporate 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.