CIBC Cuts National Bank of Canada (TSE:NA) Price Target to C$135.00

National Bank of Canada (TSE:NA) had its price objective lowered by CIBC from C$141.00 to C$135.00 in a research report report published on Tuesday,BayStreet.CA reports.

NA has been the topic of a number of other reports. Royal Bank of Canada increased their price target 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. Canaccord Genuity Group upped their price objective on National Bank of Canada from C$135.00 to C$142.00 in a report on Thursday, December 5th. BMO Capital Markets lifted their price target on shares of National Bank of Canada from C$125.00 to C$143.00 in a research report on Monday, November 18th. TD Securities dropped their price objective on National Bank of Canada from C$140.00 to C$138.00 in a report on Thursday, December 5th. Finally, Scotiabank increased their price target on National Bank of Canada from C$129.00 to C$154.00 in a report on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, National Bank of Canada presently has an average rating of “Hold” and an average target price of C$138.20.

National Bank of Canada Stock Performance

Shares of TSE NA opened at C$123.48 on Tuesday. The stock has a market cap of C$48.14 billion, a PE ratio of 10.95, a PEG ratio of 7.14 and a beta of 1.12. The business has a fifty day moving average of C$130.15 and a two-hundred day moving average of C$128.40. National Bank of Canada has a 52-week low of C$102.90 and a 52-week high of C$141.15.

National Bank of Canada Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, February 1st. Shareholders of record on Monday, December 30th were given a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend was Monday, December 30th. This is a positive change from National Bank of Canada’s previous quarterly dividend of $1.10. National Bank of Canada’s payout ratio is 39.03%.

Insider Buying and Selling at National Bank of Canada

In other National Bank of Canada news, Senior Officer Brigitte Hébert sold 400 shares of the company’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of C$132.46, for a total transaction of C$52,984.00. Also, Director Yvon Charest acquired 334 shares of the stock in a transaction dated Wednesday, February 19th. The stock was acquired at an average cost of C$125.90 per share, with a total value of C$42,050.60. Insiders own 0.21% of the company’s stock.

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.