National Bank of Canada (NA) Price Target Increased to C$64.00 by Analysts at Desjardins

National Bank of Canada (TSE:NA) had its price target boosted by Desjardins from C$62.00 to C$64.00 in a report released on Monday.

Several other research firms have also recently weighed in on NA. BMO Capital Markets upped their price objective on shares of National Bank of Canada from C$61.00 to C$66.00 and gave the stock a market perform rating in a research report on Monday. Scotiabank upped their price objective on shares of National Bank of Canada from C$60.00 to C$61.00 and gave the stock an outperform rating in a research report on Monday, August 21st. Canaccord Genuity upped their price objective on shares of National Bank of Canada from C$60.00 to C$62.00 in a research report on Thursday, August 31st. CIBC upped their price objective on shares of National Bank of Canada from C$62.00 to C$68.00 in a research report on Monday, November 13th. Finally, Royal Bank Of Canada upped their target price on National Bank of Canada from C$62.00 to C$65.00 and gave the stock an outperform rating in a research note on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The stock has an average rating of Hold and an average price target of C$64.50.

National Bank of Canada (NA) traded down C$0.07 during mid-day trading on Monday, hitting C$63.64. 1,583,672 shares of the company traded hands, compared to its average volume of 1,085,307. National Bank of Canada has a one year low of C$51.41 and a one year high of C$64.37.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, December 27th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.77%. This is a positive change from National Bank of Canada’s previous quarterly dividend of $0.58. National Bank of Canada’s dividend payout ratio is currently 41.82%.

In other news, insider Jean Dagenais sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of C$58.45, for a total transaction of C$584,500.00. Also, Director Richard Fortin acquired 5,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were bought at an average cost of C$57.90 per share, with a total value of C$289,500.00. In the last ninety days, insiders acquired 16,900 shares of company stock valued at $988,018 and sold 16,900 shares valued at $968,706.

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National Bank of Canada Company Profile

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