Brokerages Set National Bank of Canada (TSE:NA) Target Price at C$136.10

National Bank of Canada (TSE:NA) has been given a consensus recommendation of “Hold” by the thirteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$136.10.

NA has been the subject of several analyst reports. Cibc World Mkts lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th. BMO Capital Markets upped their target price on shares of National Bank of Canada from C$125.00 to C$143.00 in a research note on Monday, November 18th. Canaccord Genuity Group lifted their price target on shares of National Bank of Canada from C$135.00 to C$142.00 in a research report on Thursday, December 5th. Royal Bank of Canada boosted their price target on shares of National Bank of Canada from C$116.00 to C$134.00 in a report on Thursday, December 5th. Finally, Scotiabank raised their price objective on National Bank of Canada from C$129.00 to C$154.00 in a research note on Monday, November 25th.

Insider Activity at National Bank of Canada

In other news, Director Yvon Charest acquired 285 shares of the stock in a transaction on Tuesday, November 19th. The shares were purchased at an average price of C$133.71 per share, for a total transaction of C$38,107.35. Also, insider Marie-Chantal Gingras sold 600 shares of the business’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of C$132.79, for a total transaction of C$79,674.00. 0.21% of the stock is owned by company insiders.

National Bank of Canada Stock Performance

NA opened at C$132.48 on Monday. The company has a fifty day moving average price of C$134.01 and a two-hundred day moving average price of C$123.97. The firm has a market capitalization of C$45.09 billion, a PE ratio of 12.90, a P/E/G ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 52 week low of C$98.04 and a 52 week high of C$141.15.

National Bank of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Stockholders of record on Monday, December 30th will be given a $1.14 dividend. The ex-dividend date of this dividend is Monday, December 30th. This is a positive change from National Bank of Canada’s previous quarterly dividend of $1.10. This represents a $4.56 annualized dividend and a dividend yield of 3.44%. National Bank of Canada’s dividend payout ratio is presently 42.84%.

National Bank of Canada Company Profile

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.