Robert Paré Purchases 4,200 Shares of National Bank of Canada (TSE:NA) Stock

National Bank of Canada (TSE:NA) Director Robert Paré acquired 4,200 shares of the firm’s stock in a transaction dated Thursday, February 27th. The shares were acquired at an average price of C$120.34 per share, for a total transaction of C$505,428.00.

National Bank of Canada Stock Up 0.3 %

NA opened at C$120.41 on Friday. National Bank of Canada has a 52-week low of C$104.84 and a 52-week high of C$141.15. The company has a 50 day moving average of C$128.77 and a two-hundred day moving average of C$128.95. The company has a market cap of C$46.95 billion, a P/E ratio of 10.68, a P/E/G ratio of 7.14 and a beta of 1.12.

National Bank of Canada Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors 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 yield of 3.79%. National Bank of Canada’s dividend payout ratio (DPR) is 39.03%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on NA. Desjardins reduced their target price on National Bank of Canada from C$140.00 to C$136.00 and set a “hold” rating on the stock in a research report on Thursday. Cibc World Mkts lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Scotiabank lowered 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 report on Thursday, February 20th. TD Securities cut their price target on shares of National Bank of Canada from C$135.00 to C$131.00 and set a “hold” rating on the stock in a research note on Thursday. Finally, BMO Capital Markets decreased their price target on shares of 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. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$137.20.

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.