National Bank of Canada (TSE:NA - Get Free Report) Senior Officer Lucie Blanchet bought 2,147 shares of the stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of C$116.28 per share, with a total value of C$249,653.16.
National Bank of Canada Stock Up 1.6 %
Shares of TSE:NA opened at C$116.96 on Friday. The firm has a market capitalization of C$45.60 billion, a PE ratio of 10.37, a P/E/G ratio of 7.14 and a beta of 1.12. National Bank of Canada has a twelve month low of C$105.43 and a twelve month high of C$141.15. The company has a 50-day moving average price of C$125.73 and a two-hundred day moving average price of C$128.93.
National Bank of Canada Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Monday, March 31st will be given a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 3.90%. National Bank of Canada's dividend payout ratio is presently 39.03%.
Wall Street Analyst Weigh In
Several brokerages have recently commented on NA. Barclays downgraded shares of National Bank of Canada from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 21st. Jefferies Financial Group lowered their target price on shares of National Bank of Canada from C$149.00 to C$147.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Royal Bank of Canada reduced their price target on shares of National Bank of Canada from C$145.00 to C$144.00 and set a "sector perform" rating for the company in a research report on Thursday, February 27th. Scotiabank reduced their price target 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. Finally, UBS Group reduced their price target on shares of National Bank of Canada from C$145.00 to C$140.00 in a research report on Friday, February 28th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of C$136.40.
Check Out Our Latest Report on National Bank of Canada
National Bank of Canada Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
