National Bank of Canada (TSE:NA) Given New C$131.00 Price Target at TD Securities

National Bank of Canada (TSE:NA) had its target price reduced by TD Securities from C$135.00 to C$131.00 in a report published on Thursday,BayStreet.CA reports. They currently have a hold rating on the financial services provider’s stock.

A number of other equities analysts have also recently issued reports on NA. Desjardins dropped their price objective on National Bank of Canada from C$140.00 to C$136.00 and set a “hold” rating for the company in a report on Thursday. BMO Capital Markets lifted their price objective on shares of National Bank of Canada from C$125.00 to C$143.00 in a report on Monday, November 18th. Barclays cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st. Scotiabank lowered their price target on National Bank of Canada from C$154.00 to C$125.00 and set a “sector perform” rating for the company in a report on Thursday, February 20th. Finally, Canaccord Genuity Group lifted their target price on National Bank of Canada from C$135.00 to C$142.00 in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$137.70.

National Bank of Canada Price Performance

Shares of TSE NA opened at C$120.01 on Thursday. National Bank of Canada has a 1 year low of C$104.84 and a 1 year high of C$141.15. The firm has a 50-day simple moving average of C$129.00 and a two-hundred day simple moving average of C$128.78. The company has a market cap of C$46.79 billion, a P/E ratio of 10.65, a PEG ratio of 7.14 and a beta of 1.12.

National Bank of Canada Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 3.80%. National Bank of Canada’s dividend payout ratio is presently 39.03%.

Insider Transactions at National Bank of Canada

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

About National Bank of Canada

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.