National Bank of Canada (TSE:NA) Price Target Cut to C$135.00 by Analysts at BMO Capital Markets

National Bank of Canada (TSE:NA) had its target price reduced by BMO Capital Markets from C$143.00 to C$135.00 in a research report released on Thursday morning,BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the financial services provider’s stock.

Other analysts also recently issued research reports about the stock. Barclays downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. Jefferies Financial Group reduced 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. TD Securities dropped their price objective on shares of National Bank of Canada from C$135.00 to C$131.00 and set a “hold” rating on the stock in a report on Thursday. Canaccord Genuity Group raised their target price on National Bank of Canada from C$135.00 to C$142.00 in a research note on Thursday, December 5th. Finally, CIBC dropped their price target on National Bank of Canada from C$141.00 to C$135.00 in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$137.70.

National Bank of Canada Price Performance

TSE NA opened at C$120.01 on Thursday. The stock has a market capitalization of C$46.79 billion, a P/E ratio of 10.65, a P/E/G 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 one year low of C$104.84 and a one year high of C$141.15.

National Bank of Canada Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Monday, March 31st will be paid a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 3.80%. National Bank of Canada’s dividend payout ratio (DPR) is presently 39.03%.

Insider Activity at National Bank of Canada

In other National Bank of Canada news, Senior Officer Brigitte Hébert sold 400 shares of National Bank of Canada stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of C$132.46, for a total transaction of C$52,984.00. Also, Director Robert Paré bought 4,200 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of C$120.34 per share, for a total transaction of C$505,428.00. 0.21% of the stock is 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.