Shares of National Bank of Canada (TSE:NA) have been given a consensus rating of “Hold” by the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$65.80.

NA has been the subject of several recent research reports. CIBC boosted their target price on shares of National Bank of Canada from C$62.00 to C$68.00 in a research report on Monday, November 13th. Canaccord Genuity boosted their target price on shares of National Bank of Canada from C$62.00 to C$66.00 in a research report on Wednesday, November 1st. Desjardins boosted their target price on shares of National Bank of Canada from C$62.00 to C$64.00 in a research report on Monday, December 4th. CSFB boosted their target price on shares of National Bank of Canada from C$59.00 to C$61.00 in a research report on Monday, December 4th. Finally, Barclays lowered shares of National Bank of Canada from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, December 19th.

Shares of National Bank of Canada (NA) opened at C$63.45 on Tuesday. The stock has a market cap of $21,590.00, a P/E ratio of 11.79 and a beta of 0.89. National Bank of Canada has a 12-month low of C$51.41 and a 12-month high of C$64.39.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, December 27th will be given a dividend of $0.60 per share. This is a positive change from National Bank of Canada’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Friday, December 22nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.78%. National Bank of Canada’s dividend payout ratio is currently 42.38%.

In related news, Director Louis Vachon sold 100,000 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of C$64.18, for a total transaction of C$6,418,000.00. Also, insider Ricardo Pascoe sold 48,340 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of C$63.25, for a total transaction of C$3,057,505.00. In the last 90 days, insiders have sold 239,772 shares of company stock valued at $15,288,811.

ILLEGAL ACTIVITY NOTICE: “National Bank of Canada (NA) Receives Consensus Recommendation of “Hold” from Brokerages” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2018/01/09/national-bank-of-canada-na-receives-consensus-recommendation-of-hold-from-brokerages.html.

About National Bank of Canada

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

Receive News & Ratings for National Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.