National Bank of Canada (TSE:NA) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

National Bank of Canada (TSE:NA) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$155.84 and traded as high as C$170.61. National Bank of Canada shares last traded at C$169.39, with a volume of 1,737,247 shares.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NA. TD Securities increased their target price on National Bank of Canada from C$161.00 to C$181.00 and gave the company a “hold” rating in a research note on Thursday, December 4th. BMO Capital Markets increased their price objective on National Bank of Canada from C$172.00 to C$177.00 in a report on Wednesday, December 17th. Jefferies Financial Group decreased their price objective on shares of National Bank of Canada from C$153.00 to C$152.00 and set a “hold” rating for the company in a report on Tuesday, November 25th. CIBC lifted their price objective on shares of National Bank of Canada from C$174.00 to C$179.00 and gave the stock a “neutral” rating in a research note on Thursday, December 11th. Finally, Royal Bank Of Canada upped their price objective on shares of National Bank of Canada from C$149.00 to C$163.00 in a research note on Thursday, December 4th. Three investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, National Bank of Canada has a consensus rating of “Hold” and a consensus target price of C$166.17.

National Bank of Canada Price Performance

The company has a market cap of C$66.11 billion, a price-to-earnings ratio of 16.82, a P/E/G ratio of 7.14 and a beta of 1.15. The firm has a fifty day simple moving average of C$170.07 and a 200 day simple moving average of C$155.84.

National Bank of Canada (TSE:NA) last announced its earnings results on Wednesday, December 3rd. The financial services provider reported C$2.82 earnings per share for the quarter. National Bank of Canada had a return on equity of 15.43% and a net margin of 19.69%.The firm had revenue of C$3.70 billion during the quarter. Analysts expect that National Bank of Canada will post 10.8360791 earnings per share for the current year.

National Bank of Canada Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, February 1st. Stockholders of record on Sunday, February 1st will be given a dividend of $1.24 per share. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.18. This represents a $4.96 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, December 29th. National Bank of Canada’s dividend payout ratio (DPR) is presently 46.08%.

About National Bank of Canada

National Bank of Canada is the sixth-largest Canadian bank. The bank offers integrated financial services, primarily in the province of Quebec as well as the city of Toronto. Operational segments include personal and commercial banking, wealth management, and a financial markets group.