National Bank of Canada (TSE:NA) Lowered to "Hold" Rating by Cormark

Cormark lowered shares of National Bank of Canada (TSE:NA - Free Report) from a moderate buy rating to a hold rating in a report issued on Friday,Zacks.com reports.

NA has been the topic of a number of other reports. Royal Bank of Canada boosted their price target on shares of National Bank of Canada from C$134.00 to C$145.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 8th. TD Securities lowered their target price on National Bank of Canada from C$140.00 to C$138.00 in a report on Thursday, December 5th. Jefferies Financial Group cut their price target on National Bank of Canada from C$153.00 to C$149.00 in a report on Tuesday, February 18th. Scotiabank lowered their price objective 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, February 20th. Finally, BMO Capital Markets upped their target price on National Bank of Canada from C$125.00 to C$143.00 in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of C$138.20.

National Bank of Canada Trading Down 5.5 %

NA traded down C$6.97 on Friday, hitting C$120.47. 3,533,333 shares of the company's stock were exchanged, compared to its average volume of 1,669,719. 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$46.97 billion, a price-to-earnings ratio of 10.69, a P/E/G ratio of 7.14 and a beta of 1.12. The firm has a 50-day moving average price of C$129.47 and a 200-day moving average price of C$128.79.

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National Bank of Canada Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Monday, March 31st will be paid a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 3.79%. National Bank of Canada's dividend payout ratio (DPR) is presently 39.03%.

Insider Buying and Selling at National Bank of Canada

In other National Bank of Canada news, insider Marie-Chantal Gingras sold 600 shares of National Bank of Canada stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of C$132.79, for a total value of C$79,674.00. Also, Senior Officer Brigitte Hébert sold 400 shares of the company's stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of C$132.46, for a total transaction of C$52,984.00. Company 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.