National Bank of Canada (TSE:NA) Receives Consensus Rating of “Hold” from Analysts

National Bank of Canada (TSE:NA) has received an average rating of “Hold” from the twelve analysts that are presently covering the firm, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$136.40.

A number of research firms have recently issued reports on NA. TD Securities dropped their target price on shares of National Bank of Canada from C$135.00 to C$131.00 and set a “hold” rating for the company in a report on Wednesday, March 5th. Cormark dropped their target price on shares of National Bank of Canada from C$139.00 to C$137.00 in a report on Thursday, February 27th. Cibc World Mkts lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Desjardins dropped their target price on shares of National Bank of Canada from C$140.00 to C$136.00 and set a “hold” rating for the company in a report on Thursday, February 27th. Finally, Royal Bank of Canada dropped their price objective on shares of National Bank of Canada from C$145.00 to C$144.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th.

National Bank of Canada Stock Up 0.2 %

National Bank of Canada stock opened at C$118.07 on Friday. National Bank of Canada has a 52-week low of C$105.43 and a 52-week high of C$141.15. The firm has a market capitalization of C$46.03 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 7.14 and a beta of 1.12. The company has a fifty day simple moving average of C$124.89 and a 200-day simple moving average of C$128.91.

National Bank of Canada Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Monday, March 31st will be given a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a dividend yield of 3.86%. National Bank of Canada’s dividend payout ratio is presently 39.03%.

Insider Transactions at National Bank of Canada

In other news, Senior Officer Lucie Blanchet bought 2,147 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of C$116.28 per share, for a total transaction of C$249,653.16. Also, Senior Officer Brigitte Hébert sold 400 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of C$132.46, for a total transaction of C$52,984.00. Over the last quarter, insiders have acquired 13,673 shares of company stock valued at $1,629,603. 0.21% of the stock is currently owned by corporate insiders.

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.