A number of other analysts have also commented on the company. Scotiabank raised National Bank of Canada to a “strong-buy” rating in a report on Thursday, May 15th. Royal Bank of Canada reduced their price objective 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. BMO Capital Markets dropped their target price on shares of National Bank of Canada from C$143.00 to C$135.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. CIBC upped their target price on National Bank of Canada from C$115.00 to C$125.00 in a report on Thursday, May 22nd. Finally, Jefferies Financial Group lowered shares of National Bank of Canada from a “buy” rating to a “hold” rating and reduced their price target for the company from C$147.00 to C$126.00 in a research report on Monday, April 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$134.10.

View Our Latest Stock Report on National Bank of Canada

Shares of NA opened at C$133.59 on Monday. The business’s fifty day moving average is C$121.26 and its 200 day moving average is C$125.93. National Bank of Canada has a 12-month low of C$105.43 and a 12-month high of C$141.15. The stock has a market cap of C$52.08 billion, a P/E ratio of 11.85, a P/E/G ratio of 7.14 and a beta of 1.12.

In other news, Director Lynn Loewen bought 1,000 shares of the stock in a transaction on Monday, March 17th. The shares were acquired at an average cost of C$117.93 per share, for a total transaction of C$117,930.00. Also, Director Yvon Charest acquired 362 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was acquired at an average price of C$127.93 per share, for a total transaction of C$46,310.66. Insiders acquired 3,509 shares of company stock worth $413,894 over the last quarter. Corporate insiders own 0.21% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Monday, June 30th will be given a dividend of $1.18 per share. This represents a $4.72 dividend on an annualized basis and a yield of 3.53%. This is a positive change from National Bank of Canada’s previous quarterly dividend of $1.14. National Bank of Canada’s dividend payout ratio (DPR) is currently 39.03%.

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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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