National Bank of Canada (TSE:NA) Shares Pass Above 200-Day Moving Average of $62.44

National Bank of Canada (TSE:NA)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $62.44 and traded as high as $65.07. National Bank of Canada shares last traded at $64.75, with a volume of 478,971 shares.

NA has been the subject of a number of research analyst reports. CSFB cut shares of National Bank of Canada from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from C$64.00 to C$62.00 in a research report on Friday, September 6th. TD Securities increased their target price on shares of National Bank of Canada from C$64.00 to C$65.00 and gave the stock a “hold” rating in a report on Thursday, August 29th. Eight Capital increased their target price on shares of National Bank of Canada from C$63.00 to C$66.00 in a report on Wednesday, September 4th. BMO Capital Markets reduced their target price on shares of National Bank of Canada from C$69.00 to C$66.00 in a report on Thursday, August 29th. Finally, Barclays lowered shares of National Bank of Canada from an “equal weight” rating to an “underweight” rating and set a C$64.00 target price on the stock. in a report on Tuesday, June 11th.

The company has a market capitalization of $21.57 billion and a price-to-earnings ratio of 10.42. The stock’s fifty day simple moving average is C$62.51 and its 200-day simple moving average is C$62.44.



National Bank of Canada (TSE:NA) last released its earnings results on Wednesday, August 28th. The financial services provider reported C$1.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$1.61 by C$0.05. The business had revenue of C$1.95 billion for the quarter, compared to analyst estimates of C$1.95 billion. Research analysts predict that National Bank of Canada will post 6.5400001 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Monday, September 30th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 4.22%. National Bank of Canada’s dividend payout ratio (DPR) is presently 42.00%.

About National Bank of Canada (TSE:NA)

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.

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