National Bank of Canada (TSE:NA) Price Target Cut to C$125.00 by Analysts at Scotiabank

National Bank of Canada (TSE:NA) had its price target cut by Scotiabank from C$154.00 to C$125.00 in a research report sent to investors on Thursday,BayStreet.CA reports. They currently have a sector perform rating on the financial services provider’s stock.

A number of other research analysts have also weighed in on NA. 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 report on Wednesday, January 8th. Cormark raised shares of National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, January 15th. Cibc World Mkts upgraded shares of National Bank of Canada from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 9th. Barclays downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Finally, Canaccord Genuity Group boosted their price objective on National Bank of Canada from C$135.00 to C$142.00 in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$138.20.

National Bank of Canada Price Performance

TSE NA opened at C$123.48 on Thursday. National Bank of Canada has a 1-year low of C$102.90 and a 1-year high of C$141.15. The business has a 50 day simple moving average of C$130.15 and a two-hundred day simple moving average of C$128.40. 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.

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. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Monday, December 30th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.69%. National Bank of Canada’s dividend payout ratio is currently 39.03%.

Insider Buying and Selling

In other National Bank of Canada news, 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 value of C$52,984.00. Also, Director Yvon Charest bought 334 shares of National Bank of Canada stock in a transaction dated Wednesday, February 19th. The shares were bought at an average cost of C$125.90 per share, for a total transaction of C$42,050.60. 0.21% of the stock is owned by corporate 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.