National Bank of Canada (NA) Receives Consensus Recommendation of “Hold” from Brokerages
National Bank of Canada (TSE:NA) has been given an average rating of “Hold” by the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$68.36.
Several research firms have recently commented on NA. Desjardins boosted their price target on National Bank of Canada from C$64.00 to C$66.00 in a research report on Thursday, August 30th. Canaccord Genuity lowered National Bank of Canada from a “buy” rating to a “hold” rating and set a C$69.00 price target for the company. in a research report on Thursday, August 30th. Finally, Barclays boosted their price target on National Bank of Canada from C$67.00 to C$69.00 in a research report on Thursday, August 30th.
TSE NA traded down C$0.20 on Monday, reaching C$60.45. 720,100 shares of the stock traded hands, compared to its average volume of 950,315. National Bank of Canada has a 12 month low of C$58.58 and a 12 month high of C$65.95.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 1st. Investors of record on Monday, September 24th were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 4.10%. The ex-dividend date was Friday, September 21st. National Bank of Canada’s dividend payout ratio is currently 41.31%.
In related news, insider Alain Legris sold 700 shares of the company’s stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of C$64.71, for a total transaction of C$45,297.00. Also, Director Louis Vachon sold 18,100 shares of the company’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of C$65.01, for a total value of C$1,176,681.00. Insiders have sold a total of 105,000 shares of company stock worth $6,826,094 over the last ninety days.
National Bank of Canada Company Profile
National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.
Recommended Story: Penny Stocks, Risk and Reward Factors
Receive News & Ratings for National Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.