National Bank of Canada (TSE:NA) Price Target Cut to C$135.00 by Analysts at BMO Capital Markets

National Bank of Canada (TSE:NA) had its target price cut by BMO Capital Markets from C$143.00 to C$135.00 in a research report report published on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the financial services provider’s stock.

Several other brokerages have also issued reports on NA. Barclays lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Royal Bank of Canada lowered their price objective on National Bank of Canada from C$145.00 to C$144.00 and set a “sector perform” rating on the stock in a research note on Thursday. Scotiabank cut their target price on shares of National Bank of Canada from C$154.00 to C$125.00 and set a “sector perform” rating for the company in a research report on Thursday, February 20th. Cibc World Mkts downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Finally, Cormark dropped their price target on shares of National Bank of Canada from C$139.00 to C$137.00 in a research note on Thursday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, National Bank of Canada currently has an average rating of “Hold” and an average target price of C$137.70.

National Bank of Canada Trading Down 0.4 %

TSE:NA 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’s 50 day moving average is C$129.00 and its 200 day moving average is C$128.78. The stock has a market capitalization of C$46.79 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12.

National Bank of Canada Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders 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 dividend yield of 3.80%. National Bank of Canada’s dividend payout ratio (DPR) is currently 39.03%.

Insider Transactions at National Bank of Canada

In related news, Director Robert Paré purchased 4,200 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were purchased at an average price of C$120.34 per share, with a total value of C$505,428.00. Also, Director Yvon Charest acquired 334 shares of the stock in a transaction dated Wednesday, February 19th. The shares were bought at an average price of C$125.90 per share, for a total transaction of C$42,050.60. 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.