National Bank of Canada (TSE:NA) Price Target Lowered to C$131.00 at TD Securities

National Bank of Canada (TSE:NA) had its target price reduced by TD Securities from C$135.00 to C$131.00 in a research note released on Wednesday,BayStreet.CA reports. They currently have a hold rating on the financial services provider’s stock.

Several other equities research analysts have also commented on the stock. Jefferies Financial Group cut their price target 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. CIBC cut their target price on shares of National Bank of Canada from C$141.00 to C$135.00 in a research note on Tuesday, February 18th. Desjardins decreased their price target on shares of National Bank of Canada from C$140.00 to C$136.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Cibc World Mkts cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Finally, UBS Group reduced their target price on National Bank of Canada from C$145.00 to C$140.00 in a report on Friday, February 28th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$136.40.

National Bank of Canada Trading Down 1.1 %

Shares of NA opened at C$116.31 on Wednesday. The firm has a market cap of C$45.35 billion, a P/E ratio of 10.32, a PEG ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 12 month low of C$105.43 and a 12 month high of C$141.15. The stock’s 50 day moving average is C$127.86 and its two-hundred day moving average is C$128.92.

National Bank of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Monday, March 31st will be issued a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 3.92%. National Bank of Canada’s payout ratio is currently 39.03%.

Insiders Place Their Bets

In related news, insider Marie-Chantal Gingras sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of C$132.79, for a total value of C$79,674.00. Also, Director Yvon Charest bought 334 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were acquired at an average cost of C$125.90 per share, with a total value of C$42,050.60. Insiders purchased 10,526 shares of company stock valued at $1,262,020 in the last three months. 0.21% of the stock is currently 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.