A number of other brokerages have also weighed in on NA. CSFB raised their target price on shares of National Bank of Canada from C$61.00 to C$64.00 in a research report on Friday, January 19th. BMO Capital Markets restated a market perform rating and issued a C$66.00 target price on shares of National Bank of Canada in a research report on Tuesday, December 12th. Barclays lowered shares of National Bank of Canada from an overweight rating to an equal weight rating in a report on Tuesday, December 19th. Scotiabank lifted their price target on shares of National Bank of Canada from C$68.00 to C$69.00 and gave the stock a sector perform rating in a report on Monday, December 4th. Finally, Eight Capital lowered shares of National Bank of Canada from a buy rating to a neutral rating and lifted their price target for the stock from C$66.00 to C$67.00 in a report on Monday, December 4th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of C$65.55.
Shares of National Bank of Canada (TSE NA) opened at C$61.72 on Wednesday. National Bank of Canada has a 52-week low of C$51.41 and a 52-week high of C$65.68. The firm has a market cap of $21,100.00, a P/E ratio of 11.47 and a beta of 0.88.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, December 27th were issued a $0.60 dividend. This is a positive change from National Bank of Canada’s previous quarterly dividend of $0.58. The ex-dividend date was Friday, December 22nd. This represents a $2.40 annualized dividend and a yield of 3.89%. National Bank of Canada’s payout ratio is presently 42.38%.
In related news, insider Dominique Fagnoule sold 14,200 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of C$64.20, for a total value of C$911,640.00. Also, insider Ricardo Pascoe sold 48,340 shares of the business’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of C$63.25, for a total transaction of C$3,057,505.00. In the last 90 days, insiders sold 239,772 shares of company stock worth $15,288,811.
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About National Bank of Canada
National Bank of Canada (the Bank) is an integrated group, which provides financial services to consumers, small- and medium-sized enterprises (SMEs) and large corporations in its domestic market and also offers specialized services internationally. The Bank’s segments are Personal and Commercial, which includes the banking, financing and investing services offered to individuals and businesses, as well as insurance operations; Wealth Management, which consists of investment solutions, trust services, banking services, lending services and other wealth management solutions offered through internal and third-party distribution networks; Financial Markets, which includes banking services, investment banking services and financial solutions for institutional clients, and Other, which includes treasury operations, including the Bank’s asset and liability management, liquidity management and funding operations; certain non-recurring items, and the unallocated portion of corporate units.
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