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Shares of National Bank of Canada (TSE:NA – Get Rating) have earned an average recommendation of “Hold” from the eleven research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation. The average 1 year price target among analysts that have covered the stock in the last year is C$104.27.
Several analysts have recently commented on NA shares. Royal Bank of Canada upped their price objective on shares of National Bank of Canada from C$109.00 to C$111.00 and gave the company a “sector perform” rating in a report on Thursday, December 1st. TD Securities reduced their price objective on shares of National Bank of Canada from C$99.00 to C$97.00 and set a “hold” rating for the company in a research report on Thursday, December 1st. CIBC reduced their price objective on shares of National Bank of Canada from C$104.00 to C$100.00 in a research report on Wednesday, September 7th. Keefe, Bruyette & Woods reduced their price objective on shares of National Bank of Canada from C$106.00 to C$105.00 in a research report on Thursday, December 1st. Finally, Barclays upped their price objective on shares of National Bank of Canada from C$92.00 to C$93.00 in a report on Thursday, December 1st.
National Bank of Canada Stock Performance
TSE:NA opened at C$91.23 on Tuesday. National Bank of Canada has a one year low of C$82.16 and a one year high of C$104.83. The firm has a market cap of C$30.72 billion and a P/E ratio of 9.49. The firm has a 50-day simple moving average of C$94.27 and a 200-day simple moving average of C$90.50.
National Bank of Canada (TSE:NA – Get Rating) last posted its quarterly earnings data on Wednesday, November 30th. The financial services provider reported C$2.08 EPS for the quarter, missing the consensus estimate of C$2.22 by C($0.14). The company had revenue of C$2.33 billion for the quarter, compared to analysts’ expectations of C$2.53 billion. On average, research analysts predict that National Bank of Canada will post 10.1000003 EPS for the current fiscal year.
National Bank of Canada Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 1st. Investors of record on Monday, December 26th will be paid a $0.97 dividend. This is a positive change from National Bank of Canada’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend is Thursday, December 22nd. This represents a $3.88 annualized dividend and a yield of 4.25%. National Bank of Canada’s payout ratio is currently 37.25%.
Insider Buying and Selling at National Bank of Canada
In other National Bank of Canada news, Director Yvon Charest bought 348 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was purchased at an average cost of C$96.03 per share, with a total value of C$33,418.44. Following the completion of the purchase, the director now owns 15,864 shares in the company, valued at C$1,523,419.92. In related news, Senior Officer Eric Bujold sold 11,808 shares of the company’s stock in a transaction dated Monday, December 5th. The stock was sold at an average price of C$94.90, for a total transaction of C$1,120,529.61. Following the sale, the insider now owns 22 shares in the company, valued at C$2,087.71. Also, Director Yvon Charest acquired 348 shares of the company’s stock in a transaction on Monday, November 21st. The stock was acquired at an average price of C$96.03 per share, for a total transaction of C$33,418.44. Following the purchase, the director now directly owns 15,864 shares of the company’s stock, valued at C$1,523,419.92. In the last quarter, insiders sold 70,070 shares of company stock worth $6,647,257.
About National Bank of Canada
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National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International.
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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