National Bank of Canada (TSE:NA) Given New C$149.00 Price Target at Jefferies Financial Group

National Bank of Canada (TSE:NA) had its price target lowered by Jefferies Financial Group from C$153.00 to C$149.00 in a research note released on Tuesday,BayStreet.CA reports.

Several other brokerages have also commented on NA. Cibc World Mkts upgraded National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 9th. Scotiabank increased their target price on shares of National Bank of Canada from C$129.00 to C$154.00 in a research report on Monday, November 25th. UBS Group reduced their price target on shares of National Bank of Canada from C$150.00 to C$145.00 in a research report on Friday, February 14th. Cormark upgraded shares of National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, January 15th. Finally, Royal Bank of Canada raised their target price on shares of National Bank of Canada from C$134.00 to C$145.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$138.20.

National Bank of Canada Stock Down 0.4 %

Shares of TSE NA opened at C$123.48 on Tuesday. The stock has a market capitalization of C$48.14 billion, a PE ratio of 10.95, a P/E/G ratio of 7.14 and a beta of 1.12. The firm has a fifty day moving average of C$130.15 and a 200-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 firm also recently announced a quarterly dividend, which was paid on Saturday, February 1st. Stockholders of record on Monday, December 30th were paid a dividend of $1.14 per share. The ex-dividend date of this dividend was Monday, December 30th. This is an increase from National Bank of Canada’s previous quarterly dividend of $1.10. This represents a $4.56 annualized dividend and a dividend yield of 3.69%. National Bank of Canada’s dividend payout ratio (DPR) is currently 39.03%.

Insider Buying and Selling at National Bank of Canada

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