National Bank of Canada (TSE:NA) Given Consensus Recommendation of “Hold” by Analysts

National Bank of Canada (TSE:NA) has been given a consensus rating of “Hold” by the eleven analysts that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$135.36.

A number of brokerages have weighed in on NA. Canaccord Genuity Group lifted their target price on National Bank of Canada from C$136.00 to C$138.00 and gave the company a “hold” rating in a research report on Tuesday, June 24th. CIBC lifted their target price on National Bank of Canada from C$125.00 to C$127.00 and gave the company an “underperform” rating in a research report on Thursday, June 5th. Scotiabank raised National Bank of Canada to a “strong-buy” rating in a research report on Thursday, May 15th. Cibc World Mkts raised National Bank of Canada from a “strong sell” rating to a “hold” rating in a research report on Friday, August 1st. Finally, Royal Bank Of Canada lifted their target price on National Bank of Canada from C$148.00 to C$152.00 and gave the company a “sector perform” rating in a research report on Monday, June 9th.

Insiders Place Their Bets

In other National Bank of Canada news, Director Yvon Charest bought 362 shares of the company’s stock in a transaction that occurred on Tuesday, May 20th. The shares were purchased at an average cost of C$127.93 per share, for a total transaction of C$46,310.66. 0.21% of the stock is currently owned by company insiders.

National Bank of Canada Stock Up 0.2%

Shares of TSE NA opened at C$146.94 on Tuesday. The business has a fifty day simple moving average of C$140.16 and a two-hundred day simple moving average of C$128.23. The firm has a market cap of C$57.29 billion, a PE ratio of 13.03, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. National Bank of Canada has a twelve month low of C$106.67 and a twelve month high of C$147.34.

National Bank of Canada Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Friday, August 1st were given a $1.18 dividend. This represents a $4.72 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, June 30th. 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 is presently 39.03%.

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.