National Bank of Canada (TSE:NA) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

National Bank of Canada (TSE:NA) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$123.27 and traded as high as C$133.15. National Bank of Canada shares last traded at C$132.70, with a volume of 501,424 shares.

Analyst Ratings Changes

Several equities research analysts have weighed in on NA shares. Cibc World Mkts cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 20th. Canaccord Genuity Group raised their price target on National Bank of Canada from C$135.00 to C$142.00 in a research note on Thursday, December 5th. Royal Bank of Canada upped their price objective on shares of National Bank of Canada from C$116.00 to C$134.00 in a report on Thursday, December 5th. Jefferies Financial Group lifted their target price on shares of National Bank of Canada from C$119.00 to C$126.00 in a research note on Thursday, August 29th. Finally, Scotiabank increased their price target on shares of National Bank of Canada from C$129.00 to C$154.00 in a research note on Monday, November 25th. One equities research 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$136.10.

National Bank of Canada Price Performance

The company has a 50 day moving average price of C$134.00 and a two-hundred day moving average price of C$123.40. The stock has a market cap of C$45.17 billion, a PE ratio of 12.92, a PEG ratio of 7.14 and a beta of 1.12.

National Bank of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Monday, December 30th will be given a dividend of $1.14 per share. This is an increase from National Bank of Canada’s previous quarterly dividend of $1.10. The ex-dividend date is Monday, December 30th. This represents a $4.56 dividend on an annualized basis and a yield of 3.44%. National Bank of Canada’s dividend payout ratio is 42.84%.

Insiders Place Their Bets

In other National Bank of Canada news, Director Yvon Charest purchased 285 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were acquired at an average cost of C$133.71 per share, for a total transaction of C$38,107.35. 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.