Analysts Set National Bank of Canada (TSE:NA) Target Price at C$137.20

National Bank of Canada (TSE:NA) has been assigned a consensus rating of “Hold” from the twelve brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$137.20.

A number of research analysts have weighed in on the company. TD Securities reduced their target price on National Bank of Canada from C$140.00 to C$138.00 in a report on Thursday, December 5th. Royal Bank of Canada boosted their target price on shares of National Bank of Canada from C$134.00 to C$145.00 and gave the company a “sector perform” rating in a report on Wednesday, January 8th. CIBC increased their price target on shares of National Bank of Canada from C$135.00 to C$141.00 in a research note on Tuesday, November 26th. Scotiabank boosted their price target on National Bank of Canada from C$129.00 to C$154.00 in a research report on Monday, November 25th. Finally, Cibc World Mkts upgraded shares of National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th.

National Bank of Canada Trading Down 0.5 %

TSE:NA opened at C$129.46 on Friday. National Bank of Canada has a 12 month low of C$100.47 and a 12 month high of C$141.15. The company has a 50-day moving average price of C$133.52 and a 200-day moving average price of C$126.91. The stock has a market cap of C$44.07 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 7.14 and a beta of 1.12.

National Bank of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Monday, December 30th will be given a $1.14 dividend. The ex-dividend date of this dividend is Monday, December 30th. This is an increase from National Bank of Canada’s previous quarterly dividend of $1.10. This represents a $4.56 annualized dividend and a yield of 3.52%. National Bank of Canada’s dividend payout ratio (DPR) is presently 42.84%.

Insider Transactions at National Bank of Canada

In other news, Director Yvon Charest bought 285 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were bought at an average price of C$133.71 per share, for a total transaction of C$38,107.35. Also, insider Marie-Chantal Gingras sold 600 shares of the stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of C$132.79, for a total value of C$79,674.00. 0.21% of the stock is currently owned by company insiders.

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.