National Bank of Canada (TSE:NA) Share Price Passes Above 200-Day Moving Average - Time to Sell?

Shares of National Bank of Canada (TSE:NA - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$122.66 and traded as high as C$134.28. National Bank of Canada shares last traded at C$133.37, with a volume of 876,684 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently commented on NA shares. TD Securities reduced their price objective on shares of National Bank of Canada from C$140.00 to C$138.00 in a research report on Thursday, December 5th. CIBC upped their target price on National Bank of Canada from C$135.00 to C$141.00 in a research note on Tuesday, November 26th. BMO Capital Markets raised their price target on National Bank of Canada from C$125.00 to C$143.00 in a research note on Monday, November 18th. Cormark dropped their price objective on National Bank of Canada from C$145.00 to C$142.00 in a report on Thursday, December 5th. Finally, Canaccord Genuity Group increased their target price on National Bank of Canada from C$135.00 to C$142.00 in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, National Bank of Canada currently has a consensus rating of "Hold" and a consensus target price of C$136.10.

National Bank of Canada Stock Performance

The stock has a 50 day moving average of C$133.51 and a 200-day moving average of C$122.66. The company has a market cap of C$45.13 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12.

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 issued a $1.14 dividend. This is an increase 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%. National Bank of Canada's dividend payout ratio is 42.84%.

Insider Buying and Selling at National Bank of Canada

In other National Bank of Canada news, Director Yvon Charest purchased 285 shares of the stock in a transaction on Tuesday, November 19th. The shares were bought at an average price of C$133.71 per share, for a total transaction of C$38,107.35. Company insiders own 0.21% of the company's stock.

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.