Jefferies Financial Group Has Lowered Expectations for National Bank of Canada (TSE:NA) Stock Price

National Bank of Canada (TSE:NA) had its target price reduced by Jefferies Financial Group from C$149.00 to C$147.00 in a report issued on Thursday,BayStreet.CA reports. They currently have a buy rating on the financial services provider’s stock.

Several other analysts also recently issued reports on the company. Barclays downgraded National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Canaccord Genuity Group upped their price target on shares of National Bank of Canada from C$135.00 to C$142.00 in a research report on Thursday, December 5th. Royal Bank of Canada lowered their price objective on shares of National Bank of Canada from C$145.00 to C$144.00 and set a “sector perform” rating on the stock in a research report on Thursday. UBS Group reduced their target price on National Bank of Canada from C$150.00 to C$145.00 in a report on Friday, February 14th. Finally, BMO Capital Markets lifted their price target on National Bank of Canada from C$125.00 to C$143.00 in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, National Bank of Canada has an average rating of “Hold” and an average target price of C$137.70.

National Bank of Canada Stock Down 0.4 %

NA opened at C$120.01 on Thursday. The business has a fifty day simple moving average of C$129.00 and a 200-day simple moving average of C$128.78. The firm has a market cap of C$46.79 billion, a PE ratio of 10.65, a P/E/G ratio of 7.14 and a beta of 1.12. National Bank of Canada has a fifty-two week low of C$104.84 and a fifty-two week high of C$141.15.

National Bank of Canada Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Monday, March 31st will be given a $1.14 dividend. This represents a $4.56 annualized dividend and a yield of 3.80%. National Bank of Canada’s payout ratio is currently 39.03%.

Insider Transactions at National Bank of Canada

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