UBS Group Has Lowered Expectations for National Bank of Canada (TSE:NA) Stock Price

National Bank of Canada (TSE:NA - Free Report) had its target price decreased by UBS Group from C$145.00 to C$140.00 in a research note released on Friday morning,BayStreet.CA reports.

Several other analysts have also recently weighed in on NA. Barclays cut shares of National Bank of Canada from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 21st. TD Securities lowered their price objective 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 Thursday, February 27th. Cormark cut their price objective on National Bank of Canada from C$139.00 to C$137.00 in a report on Thursday, February 27th. Royal Bank of Canada cut their price objective on National Bank of Canada from C$145.00 to C$144.00 and set a "sector perform" rating for the company in a report on Thursday, February 27th. Finally, BMO Capital Markets cut their price objective on National Bank of Canada from C$143.00 to C$135.00 and set an "outperform" rating for the company in a report on Thursday, February 27th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, National Bank of Canada has an average rating of "Hold" and a consensus price target of C$137.20.

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National Bank of Canada Stock Down 0.9 %

Shares of NA stock traded down C$1.07 during trading on Friday, hitting C$117.56. The company had a trading volume of 2,418,763 shares, compared to its average volume of 1,768,562. The stock's 50-day moving average is C$128.18 and its two-hundred day moving average is C$129.01. The stock has a market capitalization of C$45.83 billion, a price-to-earnings ratio of 10.43, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 52 week low of C$105.43 and a 52 week high of C$141.15.

National Bank of Canada Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Monday, March 31st will be given a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 3.88%. National Bank of Canada's payout ratio is currently 39.03%.

Insiders Place Their Bets

In related news, Director Macky Tall purchased 4,182 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average price of C$119.14 per share, for a total transaction of C$498,243.48. Also, Senior Officer Brigitte Hébert sold 400 shares of National Bank of Canada 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. Insiders have bought a total of 10,526 shares of company stock valued at $1,262,020 in the last quarter. 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.