Robert Paré Buys 4,200 Shares of National Bank of Canada (TSE:NA) Stock

National Bank of Canada (TSE:NA) Director Robert Paré purchased 4,200 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was acquired at an average price of C$120.34 per share, with a total value of C$505,428.00.

National Bank of Canada Stock Up 0.3 %

National Bank of Canada stock opened at C$120.41 on Friday. The firm has a market cap of C$46.95 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 52 week low of C$104.84 and a 52 week high of C$141.15. The business’s 50-day moving average price is C$128.77 and its 200 day moving average price is C$128.84.

National Bank of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Monday, March 31st will be issued a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 3.79%. National Bank of Canada’s dividend payout ratio (DPR) is 39.03%.

Analyst Ratings Changes

NA has been the subject of a number of research analyst reports. Cormark decreased their price target on National Bank of Canada from C$139.00 to C$137.00 in a research note on Thursday. Barclays lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Royal Bank of Canada cut their price objective on National Bank of Canada from C$145.00 to C$144.00 and set a “sector perform” rating on the stock in a report on Thursday. Cibc World Mkts lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Finally, CIBC cut their price objective on National Bank of Canada from C$141.00 to C$135.00 in a report on Tuesday, February 18th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, National Bank of Canada has an average rating of “Hold” and an average target price of C$137.20.

About National Bank of Canada

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.