Shares of National Bank of Canada (TSE:NA) have earned an average recommendation of “Buy” from the twelve research firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$61.82.

A number of equities analysts have recently issued reports on the stock. CIBC upped their target price on shares of National Bank of Canada from C$62.00 to C$68.00 in a research report on Monday, November 13th. Scotiabank boosted their price target on shares of National Bank of Canada from C$60.00 to C$61.00 and gave the stock an “outperform” rating in a research note on Monday, August 21st. Royal Bank Of Canada boosted their price target on shares of National Bank of Canada from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Thursday, August 31st. Canaccord Genuity boosted their price target on shares of National Bank of Canada from C$60.00 to C$62.00 in a research note on Thursday, August 31st. Finally, TD Securities boosted their price target on shares of National Bank of Canada from C$60.00 to C$61.00 and gave the stock a “hold” rating in a research note on Thursday, August 31st.

National Bank of Canada (TSE NA) opened at C$63.57 on Monday. National Bank of Canada has a 12-month low of C$48.62 and a 12-month high of C$63.86.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Monday, September 25th were paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Friday, September 22nd. National Bank of Canada’s dividend payout ratio (DPR) is 47.17%.

In other National Bank of Canada news, insider Jean Dagenais sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of C$58.45, for a total value of C$584,500.00. Also, Director Richard Fortin bought 2,000 shares of the stock in a transaction on Friday, September 22nd. The stock was purchased at an average cost of C$57.76 per share, with a total value of C$115,520.00. In the last ninety days, insiders acquired 16,900 shares of company stock valued at $988,018 and sold 17,100 shares valued at $980,254.

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About National Bank of Canada

Analyst Recommendations for National Bank of Canada (TSE:NA)

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