National Bank of Canada (TSE:NA) Given New C$127.00 Price Target at CIBC

National Bank of Canada (TSE:NA) had its price objective trimmed by CIBC from C$135.00 to C$127.00 in a report issued on Wednesday,BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on NA. Scotiabank reduced their price objective on shares of National Bank of Canada from C$154.00 to C$125.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 20th. TD Securities reduced their price target on National Bank of Canada from C$135.00 to C$131.00 and set a “hold” rating on the stock in a research report on Wednesday. Jefferies Financial Group dropped their price objective on National Bank of Canada from C$149.00 to C$147.00 and set a “buy” rating for the company in a report on Thursday, February 27th. BMO Capital Markets reduced their target price on National Bank of Canada from C$143.00 to C$135.00 and set an “outperform” rating on the stock in a report on Thursday, February 27th. Finally, Canaccord Genuity Group upped their price target on National Bank of Canada from C$135.00 to C$142.00 in a research note on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, National Bank of Canada has an average rating of “Hold” and a consensus price target of C$136.40.

National Bank of Canada Trading Down 1.1 %

National Bank of Canada stock opened at C$116.31 on Wednesday. The company has a market cap of C$45.35 billion, a PE ratio of 10.32, a PEG ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 1 year low of C$105.43 and a 1 year high of C$141.15. The company’s 50-day moving average is C$127.86 and its two-hundred day moving average is C$128.92.

National Bank of Canada Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Monday, March 31st will be issued a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 3.92%. National Bank of Canada’s dividend payout ratio (DPR) is presently 39.03%.

Insider Buying and Selling

In other National Bank of Canada news, Director Macky Tall acquired 4,182 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were acquired at an average price of C$119.14 per share, with a total value of C$498,243.48. Also, Director Yvon Charest bought 334 shares of National Bank of Canada stock in a transaction that occurred on Wednesday, February 19th. The shares were acquired at an average price of C$125.90 per share, with a total value of C$42,050.60. Insiders have purchased a total of 10,526 shares of company stock worth $1,262,020 over the last ninety days. Company 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.