National Bank of Canada (TSE:NA) Price Target Cut to C$142.00 by Analysts at Cormark

National Bank of Canada (TSE:NA) had its target price trimmed by Cormark from C$145.00 to C$142.00 in a research note released on Thursday morning,BayStreet.CA reports.

NA has been the topic of several other reports. 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 research report on Thursday. Scotiabank upped their target price on National Bank of Canada from C$129.00 to C$154.00 in a report on Monday, November 25th. Jefferies Financial Group raised their price target on National Bank of Canada from C$119.00 to C$126.00 in a research note on Thursday, August 29th. CIBC boosted their price target on National Bank of Canada from C$135.00 to C$141.00 in a research report on Tuesday, November 26th. Finally, BMO Capital Markets increased their price objective on National Bank of Canada from C$125.00 to C$143.00 in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$136.10.

National Bank of Canada Stock Down 0.2 %

TSE NA opened at C$135.18 on Thursday. The firm’s 50 day moving average is C$132.61 and its 200-day moving average is C$121.64. The company has a market capitalization of C$46.01 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 12-month low of C$93.31 and a 12-month high of C$141.15.

National Bank of Canada Increases Dividend

The company also recently announced 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. This is an increase from National Bank of Canada’s previous quarterly dividend of $1.10. This represents a $4.56 annualized dividend and a dividend yield of 3.37%. National Bank of Canada’s dividend payout ratio is presently 42.84%.

Insider Transactions at National Bank of Canada

In other National Bank of Canada news, Director Yvon Charest acquired 285 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was purchased at an average price of C$133.71 per share, with a total value of C$38,107.35. 0.21% of the stock is owned by corporate insiders.

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.