Shares of National Bank of Canada (TSE:NA – Get Free Report) have received a consensus rating of “Hold” from the twelve analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$135.36.
A number of equities research analysts have commented on the company. Canaccord Genuity Group upped their price target on National Bank of Canada from C$136.00 to C$138.00 and gave the company a “hold” rating in a research report on Tuesday. TD Securities cut their target price on shares of National Bank of Canada from C$135.00 to C$131.00 and set a “hold” rating on the stock in a research note on Wednesday, March 5th. Desjardins reduced their price objective on National Bank of Canada from C$140.00 to C$136.00 and set a “hold” rating for the company in a research note on Thursday, February 27th. UBS Group decreased their target price on shares of National Bank of Canada from C$145.00 to C$140.00 in a research report on Friday, February 28th. Finally, Cibc World Mkts lowered National Bank of Canada from a “hold” rating to a “strong sell” rating in a research report on Friday, April 4th.
Get Our Latest Research Report on National Bank of Canada
Insider Transactions at National Bank of Canada
National Bank of Canada Price Performance
Shares of TSE NA opened at C$137.58 on Monday. The firm has a market cap of C$53.64 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. The company has a 50 day simple moving average of C$128.23 and a 200 day simple moving average of C$125.88. National Bank of Canada has a 1 year low of C$106.67 and a 1 year high of C$141.15.
National Bank of Canada Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, August 1st will be issued a $1.18 dividend. This represents a $4.72 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Monday, June 30th. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.14. National Bank of Canada’s payout ratio is 39.03%.
National Bank of Canada Company Profile
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.
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