National Bank of Canada (TSE:NA) Receives Consensus Recommendation of "Hold" from Analysts

Shares of National Bank of Canada (TSE:NA - Get Free Report) have been assigned an average recommendation of "Hold" from the twelve ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is C$135.20.

Several brokerages have recently issued reports on NA. Cormark decreased their price objective on National Bank of Canada from C$139.00 to C$137.00 in a report on Thursday, February 27th. UBS Group dropped their price objective on shares of National Bank of Canada from C$145.00 to C$140.00 in a research note on Friday, February 28th. TD Securities decreased their target price on shares of National Bank of Canada from C$135.00 to C$131.00 and set a "hold" rating on the stock in a research report on Wednesday, March 5th. BMO Capital Markets dropped their price target on National Bank of Canada from C$143.00 to C$135.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Finally, Jefferies Financial Group decreased their price objective on National Bank of Canada from C$149.00 to C$147.00 and set a "buy" rating on the stock in a research report on Thursday, February 27th.

Insider Activity at National Bank of Canada

In other National Bank of Canada news, Senior Officer Lucie Blanchet acquired 2,147 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of C$116.28 per share, with a total value of C$249,653.16. Also, Director Yvon Charest bought 334 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were acquired at an average price of C$125.90 per share, for a total transaction of C$42,050.60. Insiders purchased 13,673 shares of company stock worth $1,629,603 in the last 90 days. 0.21% of the stock is owned by corporate insiders.

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National Bank of Canada Stock Performance

Shares of NA traded up C$3.18 during midday trading on Wednesday, hitting C$113.39. 2,664,212 shares of the company traded hands, compared to its average volume of 2,064,924. National Bank of Canada has a 52 week low of C$105.43 and a 52 week high of C$141.15. The firm has a 50 day moving average of C$119.41 and a 200-day moving average of C$127.69. The stock has a market cap of C$44.21 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 7.14 and a beta of 1.12.

National Bank of Canada Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Monday, March 31st will be issued a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 4.02%. National Bank of Canada's payout ratio is presently 39.03%.

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.