National Bank of Canada (TSE:NA) Price Target Raised to C$147.00

National Bank of Canada (TSE:NA) had its price target boosted by Barclays from C$141.00 to C$147.00 in a report issued on Thursday morning,BayStreet.CA reports. Barclays currently has an equal weight rating on the financial services provider’s stock.

A number of other equities analysts have also commented on NA. Desjardins lifted their price objective on National Bank of Canada from C$136.00 to C$150.00 and gave the stock a “hold” rating in a research note on Wednesday. Canaccord Genuity Group raised their price objective on shares of National Bank of Canada from C$136.00 to C$138.00 and gave the stock a “hold” rating in a research note on Tuesday, June 24th. Jefferies Financial Group upped their target price on shares of National Bank of Canada from C$139.00 to C$157.00 in a research note on Wednesday. CIBC increased their price target on shares of National Bank of Canada from C$125.00 to C$127.00 and gave the company an “underperform” rating in a report on Thursday, June 5th. Finally, Scotiabank upgraded shares of National Bank of Canada to a “strong-buy” rating in a report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$140.08.

National Bank of Canada Price Performance

Shares of NA opened at C$150.51 on Thursday. The company has a market capitalization of C$58.68 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. National Bank of Canada has a one year low of C$106.67 and a one year high of C$151.40. The company’s fifty day moving average price is C$141.40 and its 200 day moving average price is C$128.79.

National Bank of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Friday, August 1st were paid a $1.18 dividend. This is an increase from National Bank of Canada’s previous quarterly dividend of $1.14. This represents a $4.72 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Monday, June 30th. National Bank of Canada’s payout ratio is presently 39.03%.

Insider Buying and Selling

In other National Bank of Canada news, Director Yvon Charest bought 362 shares of the stock in a transaction dated Tuesday, May 20th. The stock was bought at an average cost of C$127.93 per share, for a total transaction of C$46,310.66. Corporate 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.