Brokerages Set National Bank of Canada (TSE:NA) Price Target at C$132.40

Shares of National Bank of Canada (TSE:NA - Get Free Report) have received a consensus recommendation of "Hold" from the thirteen analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$136.10.

NA has been the subject of a number of analyst reports. CIBC boosted their price objective on National Bank of Canada from C$135.00 to C$141.00 in a research report on Tuesday, November 26th. Cormark lowered their price objective on National Bank of Canada from C$145.00 to C$142.00 in a research report on Thursday. Royal Bank of Canada boosted their price objective on National Bank of Canada from C$116.00 to C$134.00 in a research report on Thursday. Jefferies Financial Group boosted their price objective on National Bank of Canada from C$119.00 to C$126.00 in a research report on Thursday, August 29th. Finally, Scotiabank boosted their price objective on National Bank of Canada from C$129.00 to C$154.00 in a research report on Monday, November 25th.

National Bank of Canada Stock Down 0.2 %

TSE NA traded down C$0.21 during trading on Thursday, hitting C$135.18. The stock had a trading volume of 1,860,855 shares, compared to its average volume of 1,740,148. The company has a market capitalization of C$46.01 billion, a PE ratio of 13.16, a PEG ratio of 7.14 and a beta of 1.12. The firm has a 50 day moving average price of C$132.61 and a 200 day moving average price of C$121.64. National Bank of Canada has a twelve month low of C$93.31 and a twelve month high of C$141.15.

National Bank of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Monday, December 30th will be issued a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 3.37%. This is a positive change from National Bank of Canada's previous quarterly dividend of $1.10. National Bank of Canada's dividend payout ratio is currently 42.84%.

Insider Buying and Selling

In other news, Director Yvon Charest bought 285 shares of the stock in a transaction on Tuesday, November 19th. The shares were bought at an average price of C$133.71 per share, with a total value of C$38,107.35. 0.21% of the stock is currently 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.