National Bank of Canada (NA) Reaches New 1-Year High at $61.09

National Bank of Canada (TSE:NA) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$61.09 and last traded at C$61.09, with a volume of 728,262 shares trading hands. The stock had previously closed at C$60.81.

A number of equities research analysts recently issued reports on the company. Scotiabank upped their target price on National Bank of Canada from C$60.00 to C$61.00 and gave the company an “outperform” rating in a research note on Monday, August 21st. TD Securities upped their target price on National Bank of Canada from C$60.00 to C$61.00 and gave the company a “hold” rating in a research note on Thursday, August 31st. Canaccord Genuity upped their target price on National Bank of Canada from C$60.00 to C$62.00 in a research note on Thursday, August 31st. BMO Capital Markets upped their target price on National Bank of Canada from C$60.00 to C$61.00 and gave the company a “market perform” rating in a research note on Thursday, August 31st. Finally, Royal Bank Of Canada upped their target price on National Bank of Canada from C$62.00 to C$65.00 and gave the company an “outperform” rating in a research note on Thursday, August 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of C$60.75.

The company has a market cap of $20.89 billion and a PE ratio of 12.83. The stock’s 50 day moving average price is $57.96 and its 200-day moving average price is $55.48.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Monday, September 25th will be given a $0.58 dividend. The ex-dividend date is Friday, September 22nd. This represents a $2.32 annualized dividend and a yield of 3.79%.

In other news, Director Richard Fortin acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The stock was purchased at an average price of C$57.90 per share, with a total value of C$289,500.00. Also, insider Elaine Marchand sold 6,100 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of C$59.50, for a total transaction of C$362,950.00. In the last 90 days, insiders acquired 16,900 shares of company stock worth $988,018 and sold 17,100 shares worth $980,254.

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