National Bank of Canada (TSE:NA) Price Target Raised to C$145.00

National Bank of Canada (TSE:NA - Free Report) had its price objective raised by Royal Bank of Canada from C$134.00 to C$145.00 in a research report report published on Wednesday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the financial services provider's stock.

Several other analysts have also recently commented on the company. TD Securities decreased their target price on National Bank of Canada from C$140.00 to C$138.00 in a research report on Thursday, December 5th. Barclays cut National Bank of Canada from a "strong-buy" rating to a "hold" rating in a research note on Thursday, November 21st. Canaccord Genuity Group increased their price target on shares of National Bank of Canada from C$135.00 to C$142.00 in a research report on Thursday, December 5th. Scotiabank boosted their price objective on shares of National Bank of Canada from C$129.00 to C$154.00 in a research report on Monday, November 25th. Finally, Cormark decreased their target price on shares of National Bank of Canada from C$145.00 to C$142.00 in a research note on Thursday, December 5th. One investment 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of C$137.20.

National Bank of Canada Stock Up 0.4 %

Shares of NA stock traded up C$0.50 during trading hours on Wednesday, reaching C$132.27. 2,462,189 shares of the stock traded hands, compared to its average volume of 2,012,511. The firm has a market capitalization of C$45.02 billion, a PE ratio of 12.88, a PEG ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 1-year low of C$98.04 and a 1-year high of C$141.15. The business has a fifty day moving average price of C$134.02 and a 200 day moving average price of C$124.53.

National Bank of Canada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Monday, December 30th will be paid a $1.14 dividend. The ex-dividend date is Monday, December 30th. This is a positive change from National Bank of Canada's previous quarterly dividend of $1.10. This represents a $4.56 dividend on an annualized basis and a yield of 3.45%. National Bank of Canada's dividend payout ratio (DPR) is presently 42.84%.

Insiders Place Their Bets

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