Brokerages Set National Bank of Canada (TSE:NA) Target Price at C$136.10

National Bank of Canada (TSE:NA) has been assigned an average rating of “Hold” from the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is C$136.10.

A number of research analysts have recently issued reports on NA shares. Cibc World Mkts downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 20th. Scotiabank increased their price target on National Bank of Canada from C$129.00 to C$154.00 in a report on Monday, November 25th. CIBC lifted their price objective on shares of National Bank of Canada from C$135.00 to C$141.00 in a research note on Tuesday, November 26th. TD Securities cut their target price on shares of National Bank of Canada from C$140.00 to C$138.00 in a research note on Thursday, December 5th. Finally, Cormark dropped their price objective on shares of National Bank of Canada from C$145.00 to C$142.00 in a report on Thursday, December 5th.

Insider Buying and Selling at National Bank of Canada

In related news, insider Marie-Chantal Gingras sold 600 shares of the business’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of C$132.79, for a total value of C$79,674.00. Also, Director Yvon Charest acquired 285 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were bought at an average price of C$133.71 per share, with a total value of C$38,107.35. Company insiders own 0.21% of the company’s stock.

National Bank of Canada Trading Up 1.5 %

TSE NA opened at C$132.48 on Monday. The business’s 50-day moving average price is C$134.01 and its two-hundred day moving average price is C$123.97. The firm has a market capitalization of C$45.09 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 12 month low of C$98.04 and a 12 month high of C$141.15.

National Bank of Canada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Monday, December 30th will be issued a dividend of $1.14 per share. The ex-dividend date is Monday, December 30th. This represents a $4.56 annualized dividend and a yield of 3.44%. This is an increase from National Bank of Canada’s previous quarterly dividend of $1.10. National Bank of Canada’s dividend payout ratio is 42.84%.

National Bank of Canada Company Profile

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.