National Bank of Canada (TSE:NA) Downgraded by Cormark to Hold

Cormark cut shares of National Bank of Canada (TSE:NA) from a moderate buy rating to a hold rating in a report released on Friday,Zacks.com reports.

A number of other equities research analysts also recently commented on NA. UBS Group reduced their target price on National Bank of Canada from C$150.00 to C$145.00 in a research report on Friday, February 14th. CIBC dropped their price objective on National Bank of Canada from C$141.00 to C$135.00 in a research note on Tuesday. BMO Capital Markets boosted their target price on National Bank of Canada from C$125.00 to C$143.00 in a research note on Monday, November 18th. TD Securities lowered their price objective on National Bank of Canada from C$140.00 to C$138.00 in a research report on Thursday, December 5th. Finally, Royal Bank of Canada upped their price objective on National Bank of Canada from C$134.00 to C$145.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, National Bank of Canada presently has an average rating of “Hold” and a consensus price target of C$138.20.

National Bank of Canada Price Performance

Shares of TSE:NA opened at C$124.43 on Friday. The business’s 50 day moving average price is C$129.93 and its 200-day moving average price is C$128.46. The firm has a market capitalization of C$48.51 billion, a PE ratio of 11.04, a P/E/G ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 1 year low of C$102.90 and a 1 year high of C$141.15.

National Bank of Canada Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, February 1st. Investors of record on Monday, December 30th were paid a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 3.66%. This is an increase from National Bank of Canada’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Monday, December 30th. National Bank of Canada’s dividend payout ratio (DPR) is 39.03%.

Insider Buying and Selling at National Bank of Canada

In other National Bank of Canada news, Director Yvon Charest purchased 334 shares of the stock in a transaction dated Wednesday, February 19th. The shares were bought at an average cost of C$125.90 per share, with a total value of C$42,050.60. Also, insider Marie-Chantal Gingras sold 600 shares of the firm’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of C$132.79, for a total value of C$79,674.00. 0.21% of the stock is currently owned by insiders.

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.