National Bank of Canada (TSE:NA) Given Average Recommendation of “Hold” by Brokerages

Shares of National Bank of Canada (TSE:NA) have been assigned an average rating of “Hold” from the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$135.36.

A number of equities research analysts have issued reports on NA shares. Canaccord Genuity Group upped their price objective on National Bank of Canada from C$136.00 to C$138.00 and gave the company a “hold” rating in a research report on Tuesday. Scotiabank upgraded National Bank of Canada to a “strong-buy” rating in a research report on Thursday, May 15th. Jefferies Financial Group lowered shares of National Bank of Canada from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$147.00 to C$126.00 in a research note on Monday, April 21st. TD Securities reduced their target price on shares of National Bank of Canada from C$135.00 to C$131.00 and set a “hold” rating on the stock in a research note on Wednesday, March 5th. Finally, Royal Bank Of Canada lifted their price target on shares of National Bank of Canada from C$148.00 to C$152.00 and gave the stock a “sector perform” rating in a research note on Monday, June 9th.

National Bank of Canada Stock Performance

TSE NA opened at C$139.64 on Monday. The company has a market capitalization of C$54.44 billion, a P/E ratio of 12.39, a P/E/G ratio of 7.14 and a beta of 1.12. National Bank of Canada has a one year low of C$106.67 and a one year high of C$141.15. The stock has a 50 day moving average price of C$129.17 and a 200-day moving average price of C$125.94.

National Bank of Canada Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Friday, August 1st will be issued a $1.18 dividend. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.14. This represents a $4.72 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Monday, June 30th. National Bank of Canada’s dividend payout ratio (DPR) is currently 39.03%.

Insider Buying and Selling at National Bank of Canada

In other National Bank of Canada news, Director Yvon Charest purchased 362 shares of the company’s stock in a transaction dated Tuesday, May 20th. The shares were acquired at an average price of C$127.93 per share, for a total transaction of C$46,310.66. 0.21% of the stock is owned by 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.