National Bank of Canada (TSE:NA) Downgraded by Barclays to “Hold”

Barclays lowered shares of National Bank of Canada (TSE:NA) from a strong-buy rating to a hold rating in a research report report published on Thursday,Zacks.com reports.

A number of other brokerages also recently issued reports on NA. Royal Bank of Canada raised their price target on National Bank of Canada from C$113.00 to C$116.00 in a research report on Thursday, August 29th. Desjardins lifted their price target on shares of National Bank of Canada from C$116.00 to C$118.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. Scotiabank increased their price objective on shares of National Bank of Canada from C$120.00 to C$129.00 in a research report on Thursday, August 29th. BMO Capital Markets raised their price objective on shares of National Bank of Canada from C$125.00 to C$143.00 in a research note on Monday, November 18th. Finally, Canaccord Genuity Group upped their target price on National Bank of Canada from C$123.00 to C$135.00 in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$126.36.

National Bank of Canada Stock Up 0.3 %

Shares of National Bank of Canada stock opened at C$137.81 on Thursday. National Bank of Canada has a twelve month low of C$87.92 and a twelve month high of C$138.10. The business has a 50-day moving average price of C$130.71 and a 200-day moving average price of C$120.15. The firm has a market cap of C$46.91 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 7.14 and a beta of 1.12.

National Bank of Canada (TSE:NA) last posted its earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 EPS for the quarter, beating analysts’ consensus estimates of C$2.50 by C$0.18. The firm had revenue of C$2.98 billion during the quarter, compared to the consensus estimate of C$2.95 billion. National Bank of Canada had a return on equity of 15.18% and a net margin of 34.50%. On average, equities analysts expect that National Bank of Canada will post 10.8360791 EPS for the current fiscal year.

National Bank of Canada Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Monday, September 30th were given a dividend of $1.10 per share. The ex-dividend date was Friday, September 27th. This represents a $4.40 dividend on an annualized basis and a yield of 3.19%. National Bank of Canada’s payout ratio is 42.84%.

Insider Transactions at National Bank of Canada

In related news, Director Yvon Charest acquired 285 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was purchased at an average cost of C$133.71 per share, with a total value of C$38,107.35. 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.