National Bank of Canada (TSE:NA) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

National Bank of Canada (TSE:NA) had its price target increased by Royal Bank of Canada from C$148.00 to C$152.00 in a research note issued to investors on Monday,BayStreet.CA reports. They currently have a sector perform rating on the financial services provider’s stock.

Other research analysts have also issued reports about the stock. Desjardins decreased their target price 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 lowered National Bank of Canada from a “hold” rating to a “strong sell” rating in a research note on Friday, April 4th. Scotiabank raised National Bank of Canada to a “strong-buy” rating in a research note on Thursday, May 15th. Jefferies Financial Group lowered National Bank of Canada from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$147.00 to C$126.00 in a report on Monday, April 21st. Finally, Cormark dropped their price objective on shares of National Bank of Canada from C$139.00 to C$137.00 in a report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$135.36.

National Bank of Canada Trading Up 0.8%

TSE:NA opened at C$134.88 on Monday. The company has a market cap of C$52.59 billion, a P/E ratio of 11.96, 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’s 50-day moving average price is C$122.69 and its 200-day moving average price is C$125.86.

National Bank of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors 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 dividend yield of 3.50%. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.14. National Bank of Canada’s dividend payout ratio (DPR) is presently 39.03%.

Insider Buying and Selling at National Bank of Canada

In other National Bank of Canada news, Senior Officer Lucie Blanchet purchased 2,147 shares of National Bank of Canada stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of C$116.28 per share, with a total value of C$249,653.16. Also, Director Yvon Charest acquired 362 shares of the company’s stock in a transaction that occurred on Tuesday, May 20th. The stock was acquired at an average price of C$127.93 per share, with a total value of C$46,310.66. Insiders have bought a total of 3,509 shares of company stock valued at $413,894 over the last quarter. 0.21% of the stock is owned by company 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.