Shares of National Bank of Canada (TSE:NA) have received a consensus recommendation of “Buy” from the twelve research firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$60.91.

A number of equities research analysts recently issued reports on NA shares. Scotiabank raised their price target on National Bank of Canada from C$61.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Thursday, August 31st. TD Securities lifted their target price on National Bank of Canada from C$60.00 to C$61.00 and gave the company a “hold” rating in a research report on Thursday, August 31st. Royal Bank Of Canada lifted their target price on National Bank of Canada from C$62.00 to C$65.00 and gave the company an “outperform” rating in a research report on Thursday, August 31st. BMO Capital Markets lifted their price target on National Bank of Canada from C$60.00 to C$61.00 and gave the company a “market perform” rating in a report on Thursday, August 31st. Finally, Canaccord Genuity lifted their price target on National Bank of Canada from C$60.00 to C$62.00 in a report on Thursday, August 31st.

In other news, insider Jean Dagenais sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of C$58.45, for a total value of C$584,500.00. Also, Director Richard Fortin purchased 5,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was bought at an average price of C$57.90 per share, with a total value of C$289,500.00. Over the last 90 days, insiders bought 16,900 shares of company stock valued at $988,018 and sold 17,100 shares valued at $980,254.

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National Bank of Canada (TSE:NA) opened at 60.05 on Friday. The firm has a 50-day moving average of $56.40 and a 200-day moving average of $55.27. National Bank of Canada has a 52 week low of $45.11 and a 52 week high of $60.50. The company has a market cap of $20.49 billion and a price-to-earnings ratio of 12.58.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Monday, September 25th will be given a $0.58 dividend. The ex-dividend date of this dividend is Friday, September 22nd. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.86%.

National Bank of Canada Company Profile

Analyst Recommendations for National Bank of Canada (TSE:NA)

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