National Bank of Canada (TSE:NA) Shares Pass Above 200 Day Moving Average – Time to Sell?

Shares of National Bank of Canada (TSE:NA) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$184.88 and traded as high as C$212.55. National Bank of Canada shares last traded at C$211.07, with a volume of 961,580 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have commented on NA. BMO Capital Markets increased their target price on National Bank of Canada from C$177.00 to C$195.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Royal Bank Of Canada dropped their target price on National Bank of Canada from C$193.00 to C$180.00 and set a “sector perform” rating for the company in a report on Wednesday, March 25th. Jefferies Financial Group increased their target price on National Bank of Canada from C$172.00 to C$188.00 in a report on Wednesday, May 20th. Raymond James Financial dropped their target price on National Bank of Canada from C$206.50 to C$203.00 and set a “market perform” rating for the company in a report on Thursday, May 28th. Finally, Canadian Imperial Bank of Commerce increased their target price on National Bank of Canada from C$209.00 to C$221.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$199.50.

National Bank of Canada Trading Up 1.7%

The stock has a fifty day moving average of C$204.21 and a two-hundred day moving average of C$185.56. The stock has a market capitalization of C$83.82 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 7.14 and a beta of 1.40.

National Bank of Canada (TSE:NA) last released its earnings results on Wednesday, May 27th. The financial services provider reported C$3.23 EPS for the quarter. National Bank of Canada had a return on equity of 13.77% and a net margin of 16.87%.The company had revenue of C$3.91 billion during the quarter. Equities analysts expect that National Bank of Canada will post 10.8360791 earnings per share for the current year.

National Bank of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, August 1st. Investors of record on Saturday, August 1st will be paid a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a dividend yield of 2.4%. This is a positive change from National Bank of Canada’s previous quarterly dividend of $1.24. The ex-dividend date of this dividend is Monday, June 29th. National Bank of Canada’s payout ratio is presently 42.83%.

National Bank of Canada Company Profile

National Bank of Canada is the sixth-largest Canadian bank. The bank offers integrated financial services, primarily in the province of Quebec as well as the city of Toronto. Operational segments include personal and commercial banking, wealth management, and a financial markets group.