National Bank of Canada (TSE:NA) has been given a consensus recommendation of “Hold” by the eleven analysts that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$67.36.
NA has been the subject of a number of research analyst reports. Desjardins raised their price target on National Bank of Canada from C$64.00 to C$66.00 in a research note on Thursday, August 30th. Barclays raised their price target on National Bank of Canada from C$67.00 to C$69.00 in a research note 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 objective for the company. in a research report on Thursday, August 30th. TD Securities lowered their price objective on National Bank of Canada from C$72.00 to C$68.00 and set a “hold” rating for the company in a research report on Thursday. Finally, Eight Capital lowered their price objective on National Bank of Canada from C$70.00 to C$69.00 in a research report on Thursday.
NA stock traded down C$0.50 on Friday, reaching C$58.96. The company’s stock had a trading volume of 928,318 shares, compared to its average volume of 944,248. National Bank of Canada has a 12-month low of C$57.58 and a 12-month high of C$65.95.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 1st. Shareholders of record on Monday, December 31st will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 4.41%. This is a positive change from National Bank of Canada’s previous quarterly dividend of $0.62. National Bank of Canada’s dividend payout ratio (DPR) is currently 42.69%.
In other National Bank of Canada news, Director Louis Vachon sold 62,800 shares of the firm’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of C$65.01, for a total transaction of C$4,082,628.00. Insiders have sold 86,200 shares of company stock valued at $5,604,116 in the last three months.
About National Bank of Canada
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.
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