National Bank of Canada (TSE:NA - Get Free Report) Director Robert Paré acquired 4,200 shares of National Bank of Canada stock in a transaction on Thursday, February 27th. The shares were bought at an average cost of C$120.34 per share, with a total value of C$505,428.00.
National Bank of Canada Stock Down 0.4 %
NA stock opened at C$120.01 on Friday. The company has a market cap of C$46.79 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. The business has a 50-day simple moving average of C$129.00 and a 200 day simple moving average of C$128.78. National Bank of Canada has a 52 week low of C$104.84 and a 52 week high of C$141.15.
National Bank of Canada Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Monday, March 31st will be paid a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 3.80%. National Bank of Canada's dividend payout ratio (DPR) is presently 39.03%.
Analyst Ratings Changes
A number of equities analysts have commented on NA shares. Desjardins reduced their price objective 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 research report on Thursday. Scotiabank reduced their price objective on shares of National Bank of Canada from C$154.00 to C$125.00 and set a "sector perform" rating for the company in a research report on Thursday, February 20th. Canaccord Genuity Group boosted their target price on shares of National Bank of Canada from C$135.00 to C$142.00 in a research report on Thursday, December 5th. Cormark reduced their target price on shares of National Bank of Canada from C$139.00 to C$137.00 in a research report on Thursday. Finally, BMO Capital Markets reduced their target price on shares of National Bank of Canada from C$143.00 to C$135.00 and set an "outperform" rating for the company in a research report on Thursday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of C$137.70.
Get Our Latest Research Report on National Bank of Canada
National Bank of Canada Company Profile
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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.
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