National Bank of Canada (TSE:NA) Receives C$137.20 Average Price Target from Analysts

National Bank of Canada (TSE:NA) has received a consensus rating of “Hold” from the twelve ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$137.20.

A number of analysts recently weighed in on NA shares. 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 lifted their price target on shares of National Bank of Canada from C$129.00 to C$154.00 in a research report on Monday, November 25th. BMO Capital Markets upped their price objective on shares of National Bank of Canada from C$125.00 to C$143.00 in a research report on Monday, November 18th. Barclays lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Finally, CIBC increased their price target on National Bank of Canada from C$135.00 to C$141.00 in a report on Tuesday, November 26th.

National Bank of Canada Trading Up 1.3 %

TSE:NA opened at C$131.21 on Friday. National Bank of Canada has a 1-year low of C$100.47 and a 1-year high of C$141.15. The firm has a market capitalization of C$44.66 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 7.14 and a beta of 1.12. The business’s 50-day moving average price is C$133.25 and its two-hundred day moving average price is C$126.95.

National Bank of Canada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Stockholders of record on Monday, December 30th will be paid a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend is Monday, December 30th. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.10. National Bank of Canada’s dividend payout ratio (DPR) is currently 42.84%.

Insider Buying and Selling at National Bank of Canada

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