National Bank of Canada (TSE:NA - Get Free Report) Director Robert Paré purchased 4,200 shares of the firm's stock in a transaction on Thursday, February 27th. The shares were purchased at an average price of C$120.34 per share, with a total value of C$505,428.00.
National Bank of Canada Stock Performance
Shares of NA stock traded down C$1.78 during trading hours on Monday, hitting C$118.63. The company had a trading volume of 2,172,605 shares, compared to its average volume of 1,753,081. National Bank of Canada has a 12 month low of C$105.43 and a 12 month high of C$141.15. The firm's fifty day moving average is C$128.49 and its 200 day moving average is C$129.09. The firm has a market capitalization of C$46.25 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 7.14 and a beta of 1.12.
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 issued a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.84%. National Bank of Canada's payout ratio is presently 39.03%.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on NA. Desjardins cut their price target on National Bank of Canada from C$140.00 to C$136.00 and set a "hold" rating for the company in a report on Thursday. Cormark cut their target price on shares of National Bank of Canada from C$139.00 to C$137.00 in a research note on Thursday. Jefferies Financial Group decreased 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. UBS Group cut their price objective on shares of National Bank of Canada from C$145.00 to C$140.00 in a research report on Friday. Finally, Scotiabank reduced their target price on shares of National Bank of Canada from C$154.00 to C$125.00 and set a "sector perform" rating for the company in a research note on Thursday, February 20th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of C$137.20.
View Our Latest Analysis on NA
National Bank of Canada Company Profile
(
Get Free Report)
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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