National Bank of Canada (TSE:NA) Price Target Lowered to C$136.00 at Desjardins

National Bank of Canada (TSE:NA) had its price target trimmed by Desjardins from C$140.00 to C$136.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a hold rating on the financial services provider’s stock.

Several other equities research analysts have also commented on the stock. Cormark lowered shares of National Bank of Canada from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 21st. Jefferies Financial Group dropped their price target on National Bank of Canada from C$153.00 to C$149.00 in a research report on Tuesday, February 18th. Cibc World Mkts lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. TD Securities dropped their target price on National Bank of Canada from C$140.00 to C$138.00 in a report on Thursday, December 5th. Finally, BMO Capital Markets raised their price target on National Bank of Canada from C$125.00 to C$143.00 in a report on Monday, November 18th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, National Bank of Canada has a consensus rating of “Hold” and an average price target of C$137.70.

National Bank of Canada Trading Down 0.4 %

Shares of National Bank of Canada stock opened at C$120.01 on Thursday. National Bank of Canada has a 12 month low of C$104.84 and a 12 month high of C$141.15. The firm has a market capitalization of C$46.79 billion, a P/E ratio of 10.65, a P/E/G ratio of 7.14 and a beta of 1.12. The business has a fifty day simple moving average of C$129.00 and a two-hundred day simple moving average of C$128.78.

National Bank of Canada Dividend Announcement

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 $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 3.80%. National Bank of Canada’s dividend payout ratio (DPR) is 39.03%.

Insider Activity

In related news, Director Yvon Charest bought 334 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was acquired 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 stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of C$132.46, for a total value of C$52,984.00. 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.