National Bank of Canada (TSE:NA) Receives C$137.20 Consensus Price Target from Analysts

National Bank of Canada (TSE:NA - Get Free Report) has been assigned an average recommendation of "Hold" from the twelve ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$137.20.

Several equities analysts recently issued reports on NA shares. Cibc World Mkts upgraded National Bank of Canada from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 9th. Scotiabank lifted their price target on shares of National Bank of Canada from C$129.00 to C$154.00 in a report on Monday, November 25th. Barclays lowered shares of National Bank of Canada from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 21st. Canaccord Genuity Group lifted their target price on National Bank of Canada from C$135.00 to C$142.00 in a research note on Thursday, December 5th. Finally, TD Securities dropped their price target on National Bank of Canada from C$140.00 to C$138.00 in a research report on Thursday, December 5th.

National Bank of Canada Stock Up 0.4 %

TSE:NA traded up C$0.57 during trading hours on Friday, reaching C$131.05. 278,818 shares of the stock were exchanged, compared to its average volume of 1,400,336. The stock has a market capitalization of C$44.61 billion, a P/E ratio of 12.76, a P/E/G ratio of 7.14 and a beta of 1.12. The firm has a 50 day simple moving average of C$133.64 and a 200-day simple moving average of C$126.40. National Bank of Canada has a 52 week low of C$100.47 and a 52 week high of C$141.15.

National Bank of Canada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, February 1st. Stockholders of record on Monday, December 30th will be given a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.48%. This is a positive change from National Bank of Canada's previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Monday, December 30th. National Bank of Canada's dividend payout ratio is 42.84%.

Insider Buying and Selling

In other news, Senior Officer Brigitte Hébert sold 400 shares of the business's stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of C$132.46, for a total value of C$52,984.00. Also, Director Yvon Charest purchased 285 shares of the firm's stock in a transaction on Tuesday, November 19th. The shares were purchased 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 owned by corporate insiders.

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.