Lucie Blanchet Purchases 2,147 Shares of National Bank of Canada (TSE:NA) Stock

National Bank of Canada (TSE:NA) Senior Officer Lucie Blanchet bought 2,147 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of C$116.28 per share, for a total transaction of C$249,653.16.

National Bank of Canada Price Performance

National Bank of Canada stock opened at C$116.96 on Friday. The company has a market capitalization of C$45.60 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 7.14 and a beta of 1.12. National Bank of Canada has a one year low of C$105.43 and a one year high of C$141.15. The company’s fifty day moving average price is C$125.73 and its two-hundred day moving average price is C$129.00.

National Bank of Canada Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Monday, March 31st will be given a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 3.90%. National Bank of Canada’s payout ratio is 39.03%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Royal Bank of Canada cut their target price on shares of National Bank of Canada from C$145.00 to C$144.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 27th. Canaccord Genuity Group boosted their target price on shares of National Bank of Canada from C$135.00 to C$142.00 in a research note on Thursday, December 5th. Cormark cut their target price on shares of National Bank of Canada from C$139.00 to C$137.00 in a research note on Thursday, February 27th. BMO Capital Markets dropped their price target on shares of National Bank of Canada from C$143.00 to C$135.00 and set an “outperform” rating on the stock in a research note on Thursday, February 27th. Finally, Barclays downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$136.40.

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.