Scotiabank Cuts National Bank of Canada (TSE:NA) Price Target to C$125.00

National Bank of Canada (TSE:NA) had its price target trimmed by Scotiabank from C$154.00 to C$125.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a sector perform rating on the financial services provider’s stock.

A number of other research analysts also recently commented on NA. CIBC dropped their price objective on shares of National Bank of Canada from C$141.00 to C$135.00 in a research note on Tuesday, February 18th. Canaccord Genuity Group boosted their target price on shares of National Bank of Canada from C$135.00 to C$142.00 in a report on Thursday, December 5th. UBS Group cut their price target on shares of National Bank of Canada from C$150.00 to C$145.00 in a research note on Friday, February 14th. BMO Capital Markets lifted their price target on shares of National Bank of Canada from C$125.00 to C$143.00 in a report on Monday, November 18th. Finally, Cibc World Mkts upgraded National Bank of Canada from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of C$138.20.

National Bank of Canada Trading Up 0.8 %

Shares of TSE NA opened at C$124.43 on Thursday. The stock has a market cap of C$48.51 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 7.14 and a beta of 1.12. The company’s 50-day moving average price is C$129.74 and its 200 day moving average price is C$128.52. National Bank of Canada has a 52 week low of C$102.90 and a 52 week high of C$141.15.

National Bank of Canada Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, February 1st. Stockholders of record on Monday, December 30th were issued a dividend of $1.14 per share. The ex-dividend date of this dividend was Monday, December 30th. This is a positive change from National Bank of Canada’s previous quarterly dividend of $1.10. This represents a $4.56 annualized dividend and a dividend yield of 3.66%. National Bank of Canada’s dividend payout ratio is 39.03%.

Insider Activity at National Bank of Canada

In other news, Director Yvon Charest bought 334 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were purchased at an average cost of C$125.90 per share, with a total value of C$42,050.60. Also, Senior Officer Brigitte Hébert sold 400 shares of National Bank of Canada stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of C$132.46, for a total transaction of C$52,984.00. Insiders own 0.21% of the company’s stock.

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.