National Bank of Canada (TSE:NA) Share Price Crosses Above 200 Day Moving Average of $91.71

National Bank of Canada (TSE:NAGet Rating) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$91.71 and traded as high as C$99.39. National Bank of Canada shares last traded at C$99.20, with a volume of 563,725 shares.

Analyst Ratings Changes

Several research firms have recently issued reports on NA. Barclays upped their price objective on shares of National Bank of Canada from C$92.00 to C$93.00 in a report on Thursday, December 1st. TD Securities decreased their price target on shares of National Bank of Canada from C$99.00 to C$97.00 and set a “hold” rating for the company in a report on Thursday, December 1st. CSFB dropped their price objective on shares of National Bank of Canada from C$111.00 to C$109.00 in a report on Thursday, December 1st. Royal Bank of Canada raised their target price on National Bank of Canada from C$109.00 to C$111.00 and gave the stock a “sector perform” rating in a research note on Thursday, December 1st. Finally, Credit Suisse Group cut their price objective on National Bank of Canada to C$109.00 in a report on Thursday, December 1st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, National Bank of Canada presently has a consensus rating of “Moderate Buy” and an average target price of C$104.27.

National Bank of Canada Stock Up 0.0 %

The company’s 50-day moving average is C$95.11 and its 200 day moving average is C$91.71. The company has a market cap of C$33.40 billion and a price-to-earnings ratio of 10.32.

National Bank of Canada (TSE:NAGet Rating) last posted its quarterly earnings data on Wednesday, November 30th. The financial services provider reported C$2.08 EPS for the quarter, missing analysts’ consensus estimates of C$2.22 by C($0.14). The firm had revenue of C$2.33 billion during the quarter, compared to analyst estimates of C$2.53 billion. Analysts predict that National Bank of Canada will post 10.1000003 EPS for the current fiscal year.

National Bank of Canada Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 1st. Stockholders of record on Monday, December 26th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Thursday, December 22nd. This is a positive change from National Bank of Canada’s previous quarterly dividend of $0.92. This represents a $3.88 dividend on an annualized basis and a dividend yield of 3.91%. National Bank of Canada’s payout ratio is currently 37.25%.

Insider Activity at National Bank of Canada

In related news, Senior Officer Eric Bujold sold 11,808 shares of the business’s stock in a transaction dated Monday, December 5th. The shares were sold at an average price of C$94.90, for a total transaction of C$1,120,529.61. Following the transaction, the insider now directly owns 22 shares in the company, valued at C$2,087.71. In other National Bank of Canada news, Senior Officer Eric Bujold sold 11,808 shares of the company’s stock in a transaction on Monday, December 5th. The stock was sold at an average price of C$94.90, for a total value of C$1,120,529.61. Following the completion of the sale, the insider now directly owns 22 shares in the company, valued at approximately C$2,087.71. Also, Senior Officer Martin Gagnon sold 28,398 shares of National Bank of Canada stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of C$94.64, for a total value of C$2,687,586.72. Following the transaction, the insider now owns 16,073 shares in the company, valued at approximately C$1,521,148.72. In the last ninety days, insiders sold 70,070 shares of company stock valued at $6,647,257.

National Bank of Canada Company Profile

(Get Rating)

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International.

Featured Articles

Receive News & Ratings for National Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.