National Bank of Canada (TSE:NA - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$123.27 and traded as high as C$133.15. National Bank of Canada shares last traded at C$132.70, with a volume of 501,424 shares traded.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the company. TD Securities reduced their price target on National Bank of Canada from C$140.00 to C$138.00 in a research report on Thursday, December 5th. Cormark decreased their price target on National Bank of Canada from C$145.00 to C$142.00 in a research note on Thursday, December 5th. CIBC raised their price target on National Bank of Canada from C$135.00 to C$141.00 in a report on Tuesday, November 26th. Canaccord Genuity Group increased their price objective on shares of National Bank of Canada from C$135.00 to C$142.00 in a research report on Thursday, December 5th. Finally, Barclays downgraded shares of National Bank of Canada from a "strong-buy" rating to a "hold" rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of C$136.10.
Get Our Latest Stock Report on National Bank of Canada
National Bank of Canada Price Performance
The company has a market cap of C$45.17 billion, a PE ratio of 12.92, a P/E/G ratio of 7.14 and a beta of 1.12. The business's 50 day moving average is C$133.95 and its 200-day moving average is C$123.33.
National Bank of Canada Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Stockholders of record on Monday, December 30th will be given a dividend of $1.14 per share. This is a boost from National Bank of Canada's previous quarterly dividend of $1.10. This represents a $4.56 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Monday, December 30th. National Bank of Canada's dividend payout ratio is currently 42.84%.
Insider Buying and Selling
In related news, Director Yvon Charest acquired 285 shares of the firm's stock in a transaction on Tuesday, November 19th. The stock was bought at an average price of C$133.71 per share, for a total transaction of C$38,107.35. 0.21% of the stock is owned by company insiders.
National Bank of Canada Company Profile
(
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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.
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