National Bank of Canada (TSE:NA) Stock Passes Above 200-Day Moving Average – Time to Sell?

National Bank of Canada (TSE:NA) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$184.88 and traded as high as C$212.55. National Bank of Canada shares last traded at C$211.07, with a volume of 961,580 shares traded.

Wall Street Analysts Forecast Growth

NA has been the subject of several analyst reports. Canadian Imperial Bank of Commerce raised their price objective on shares of National Bank of Canada from C$209.00 to C$221.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th. Canaccord Genuity Group boosted their price target on National Bank of Canada from C$204.00 to C$205.00 and gave the company a “hold” rating in a report on Friday, June 5th. Jefferies Financial Group increased their price objective on National Bank of Canada from C$172.00 to C$188.00 in a research note on Wednesday, May 20th. TD raised their price objective on National Bank of Canada from C$182.00 to C$202.00 and gave the stock a “hold” rating in a report on Tuesday, May 5th. Finally, National Bank Financial raised their price objective on National Bank of Canada from C$183.00 to C$196.00 in a report on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$198.83.

National Bank of Canada Stock Up 0.6%

The company has a market cap of C$81.29 billion, a P/E ratio of 18.68, a P/E/G ratio of 7.14 and a beta of 1.40. The business’s 50 day moving average is C$203.01 and its 200 day moving average is C$184.88.

National Bank of Canada (TSE:NA) last issued its quarterly earnings data on Wednesday, May 27th. The financial services provider reported C$3.23 EPS for the quarter. The company had revenue of C$3.91 billion during the quarter. National Bank of Canada had a net margin of 16.87% and a return on equity of 13.77%. As a group, equities research analysts forecast that National Bank of Canada will post 10.8360791 EPS for the current year.

National Bank of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, August 1st. Investors of record on Saturday, August 1st will be paid a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 2.5%. This is a positive change from National Bank of Canada’s previous quarterly dividend of $1.24. The ex-dividend date of this dividend is Monday, June 29th. National Bank of Canada’s payout ratio is presently 42.83%.

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.