BMO Capital Markets Issues Pessimistic Forecast for National Bank of Canada (TSE:NA) Stock Price

National Bank of Canada (TSE:NA - Free Report) had its target price lowered by BMO Capital Markets from C$143.00 to C$135.00 in a research note released on Thursday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the financial services provider's stock.

NA has been the topic of several other reports. TD Securities lowered their price target 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 report on Thursday. Desjardins reduced their price target on shares of National Bank of Canada from C$140.00 to C$136.00 and set a "hold" rating on the stock in a research report on Thursday. Jefferies Financial Group reduced their price target on shares of 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. Barclays lowered shares of National Bank of Canada from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 21st. Finally, Scotiabank reduced their price target on shares of National Bank of Canada from C$154.00 to C$125.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 20th. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of C$137.20.

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National Bank of Canada Price Performance

National Bank of Canada stock traded down C$1.78 during trading hours on Thursday, hitting 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 market cap of C$46.25 billion, a PE ratio of 10.52, a PEG ratio of 7.14 and a beta of 1.12. National Bank of Canada has a one year low of C$105.43 and a one year high of C$141.15. The firm has a 50-day moving average of C$128.77 and a 200 day moving average of C$129.06.

National Bank of Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Monday, March 31st will be paid a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 3.84%. National Bank of Canada's payout ratio is 39.03%.

Insider Activity

In other news, Senior Officer Brigitte Hébert sold 400 shares of the firm's stock in a transaction 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. Also, Director Macky Tall purchased 4,182 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were acquired at an average cost of C$119.14 per share, with a total value of C$498,243.48. Over the last 90 days, insiders acquired 10,526 shares of company stock valued at $1,262,020. 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.