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

Shares of National Bank of Canada (TSE:NA) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$125.76 and traded as high as C$136.55. National Bank of Canada shares last traded at C$135.94, with a volume of 2,542,140 shares traded.

Wall Street Analyst Weigh In

NA has been the topic of a number of recent research reports. Desjardins dropped 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, February 27th. BMO Capital Markets lowered their price target on National Bank of Canada from C$143.00 to C$135.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Canaccord Genuity Group boosted their target price on shares of National Bank of Canada from C$136.00 to C$138.00 and gave the stock a “hold” rating in a report on Monday, June 9th. Scotiabank raised National Bank of Canada to a “strong-buy” rating in a research report on Thursday, May 15th. Finally, CIBC upped their price objective on National Bank of Canada from C$125.00 to C$127.00 and gave the company an “underperform” rating in a research note on Thursday, June 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$135.36.

National Bank of Canada Trading Up 0.4%

The stock has a market cap of C$53.00 billion, a P/E ratio of 12.06, a PEG ratio of 7.14 and a beta of 1.12. The firm has a 50-day simple moving average of C$125.07 and a two-hundred day simple moving average of C$125.76.

National Bank of Canada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Friday, August 1st will be given a dividend of $1.18 per share. This represents a $4.72 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Monday, June 30th. This is a positive change from National Bank of Canada’s previous quarterly dividend of $1.14. National Bank of Canada’s dividend payout ratio is presently 39.03%.

Insider Transactions at National Bank of Canada

In related news, Director Yvon Charest purchased 362 shares of the company’s stock in a transaction that occurred on Tuesday, May 20th. The stock was acquired at an average price of C$127.93 per share, with a total value of C$46,310.66. Insiders own 0.21% of the company’s stock.

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.