National Bank of Canada (TSE:NA) Price Target Lowered to C$145.00 at UBS Group

National Bank of Canada (TSE:NA) had its price objective trimmed by UBS Group from C$150.00 to C$145.00 in a research note issued to investors on Friday morning,BayStreet.CA reports.

Several other research firms have also recently commented on NA. Scotiabank upped their price target on National Bank of Canada from C$129.00 to C$154.00 in a research note on Monday, November 25th. 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 stock a “sector perform” rating in a research note on Wednesday, January 8th. Canaccord Genuity Group boosted their price target on shares of National Bank of Canada from C$135.00 to C$142.00 in a research note on Thursday, December 5th. Cormark upgraded shares of National Bank of Canada from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, January 15th. Finally, Cibc World Mkts upgraded National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$139.40.

National Bank of Canada Stock Down 0.3 %

Shares of NA stock opened at C$126.23 on Friday. The stock’s 50-day moving average price is C$130.84 and its 200 day moving average price is C$128.06. The stock has a market capitalization of C$49.21 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 52-week low of C$102.40 and a 52-week high of C$141.15.

National Bank of Canada Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, February 1st. Shareholders of record on Monday, December 30th were issued a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend was Monday, December 30th. This is a positive change from National Bank of Canada’s previous quarterly dividend of $1.10. National Bank of Canada’s dividend payout ratio (DPR) is 39.03%.

Insider Transactions at National Bank of Canada

In related news, Senior Officer Brigitte Hébert sold 400 shares of National Bank of Canada stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of C$132.46, for a total transaction of C$52,984.00. Also, insider Marie-Chantal Gingras sold 600 shares of the stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of C$132.79, for a total value of C$79,674.00. Insiders own 0.21% of the company’s stock.

About National Bank of Canada

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.