Brokerages Set National Bank of Canada (TSE:NA) PT at C$136.40

National Bank of Canada (TSE:NA) has been assigned an average recommendation of “Hold” from the twelve analysts that are presently covering the company, MarketBeat reports. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$136.40.

Several research analysts have weighed in on the stock. Scotiabank dropped their price objective on shares of National Bank of Canada from C$154.00 to C$125.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 20th. Canaccord Genuity Group increased their price target on shares of National Bank of Canada from C$135.00 to C$142.00 in a research note on Thursday, December 5th. Desjardins dropped their price target 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 shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Finally, CIBC dropped their price target on shares of National Bank of Canada from C$135.00 to C$127.00 in a research note on Wednesday, March 5th.

National Bank of Canada Stock Performance

National Bank of Canada stock opened at C$117.98 on Friday. The firm has a market cap of C$46.00 billion, a PE ratio of 10.47, a P/E/G ratio of 7.14 and a beta of 1.12. The firm’s 50 day moving average price is C$125.45 and its two-hundred day moving average price is C$129.06. National Bank of Canada has a twelve month low of C$105.43 and a twelve month high of C$141.15.

National Bank of Canada Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Monday, March 31st will be issued a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a dividend yield of 3.87%. National Bank of Canada’s dividend payout ratio is currently 39.03%.

Insider Buying and Selling

In other National Bank of Canada news, Senior Officer Brigitte Hébert sold 400 shares of the stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of C$132.46, for a total value of C$52,984.00. Also, Director Robert Paré purchased 4,200 shares of National Bank of Canada stock in a transaction on Thursday, February 27th. The stock was bought at an average cost of C$120.34 per share, with a total value of C$505,428.00. In the last three months, insiders bought 12,673 shares of company stock valued at $1,511,673. Company insiders own 0.21% of the company’s stock.

National Bank of Canada Company Profile

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.