National Bank of Canada (TSE:NA) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

National Bank of Canada (TSE:NA) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$152.06 and traded as high as C$176.65. National Bank of Canada shares last traded at C$176.10, with a volume of 878,248 shares.

Analyst Ratings Changes

A number of equities analysts recently weighed in on NA shares. CIBC boosted their price target on shares of National Bank of Canada from C$174.00 to C$179.00 and gave the stock a “neutral” rating in a report on Thursday, December 11th. TD Securities increased their price target on shares of National Bank of Canada from C$161.00 to C$181.00 and gave the stock a “hold” rating in a report on Thursday, December 4th. Scotiabank boosted their price target on shares of National Bank of Canada from C$166.00 to C$184.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Canaccord Genuity Group increased their target price on National Bank of Canada from C$160.00 to C$166.00 in a research note on Thursday, December 4th. Finally, Desjardins boosted their price target on shares of National Bank of Canada from C$175.00 to C$180.00 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Three equities research analysts have rated the stock with a Buy rating and nine have given a Hold 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$165.83.

National Bank of Canada Stock Up 0.4%

The stock’s fifty day simple moving average is C$164.89 and its two-hundred day simple moving average is C$152.06. The firm has a market cap of C$69.06 billion, a PE ratio of 17.49, a PEG ratio of 7.14 and a beta of 1.13.

National Bank of Canada (TSE:NA) last released its earnings results on Wednesday, December 3rd. The financial services provider reported C$2.82 EPS for the quarter. The firm had revenue of C$3.70 billion for the quarter. National Bank of Canada had a return on equity of 15.43% and a net margin of 19.69%. On average, equities research analysts anticipate that National Bank of Canada will post 10.8360791 earnings per share for the current fiscal year.

National Bank of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, February 1st. Investors of record on Sunday, February 1st will be issued a $1.24 dividend. This represents a $4.96 annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, December 29th. This is a positive change from National Bank of Canada’s previous quarterly dividend of $1.18. National Bank of Canada’s dividend payout ratio is 46.08%.

National Bank of Canada Company Profile

National Bank of Canada is the sixth-largest Canadian bank. The bank offers integrated financial services, primarily in the province of Quebec as well as the city of Toronto. Operational segments include personal and commercial banking, wealth management, and a financial markets group.