Shares of National Bank of Canada (TSE:NA) reached a new 52-week high on Tuesday . The stock traded as high as C$60.70 and last traded at C$60.66, with a volume of 551,581 shares changing hands. The stock had previously closed at C$60.19.

Several analysts have weighed in on NA shares. Scotiabank upped their target price on National Bank of Canada from C$60.00 to C$61.00 and gave the company an “outperform” rating in a report on Monday, August 21st. TD Securities upped their price objective on National Bank of Canada from C$60.00 to C$61.00 and gave the company a “hold” rating in a research report on Thursday, August 31st. Royal Bank Of Canada upped their price objective on National Bank of Canada from C$62.00 to C$65.00 and gave the company an “outperform” rating in a research report on Thursday, August 31st. Canaccord Genuity upped their price objective on National Bank of Canada from C$60.00 to C$62.00 in a research report on Thursday, August 31st. Finally, BMO Capital Markets upped their price objective on National Bank of Canada from C$60.00 to C$61.00 and gave the company a “market perform” rating in a research report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of C$60.75.

The stock has a market cap of $20.59 billion and a P/E ratio of 12.64. The company has a 50-day moving average price of $57.42 and a 200-day moving average price of $55.39.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Monday, September 25th will be given a dividend of $0.58 per share. The ex-dividend date of this dividend is Friday, September 22nd. This represents a $2.32 dividend on an annualized basis and a yield of 3.84%.

In related news, insider Jean Dagenais sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of C$58.45, for a total transaction of C$584,500.00. Also, insider Elaine Marchand sold 6,100 shares of the business’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of C$59.50, for a total value of C$362,950.00. In the last three months, insiders have purchased 16,900 shares of company stock valued at $988,018 and have sold 17,100 shares valued at $980,254.

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About National Bank of Canada

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