UBS Group Has Lowered Expectations for National Bank of Canada (TSE:NA) Stock Price

National Bank of Canada (TSE:NA) had its target price cut by UBS Group from C$145.00 to C$140.00 in a research note issued to investors on Friday morning,BayStreet.CA reports.

Several other analysts have also recently weighed in on the company. Canaccord Genuity Group boosted their price target on National Bank of Canada from C$135.00 to C$142.00 in a report on Thursday, December 5th. CIBC reduced their price target on National Bank of Canada from C$141.00 to C$135.00 in a report on Tuesday, February 18th. Desjardins reduced their price target on National Bank of Canada from C$140.00 to C$136.00 and set a “hold” rating on the stock in a report on Thursday. Cibc World Mkts cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Finally, Royal Bank of Canada reduced their price target on National Bank of Canada from C$145.00 to C$144.00 and set a “sector perform” rating on the stock in a report on Thursday. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$137.20.

National Bank of Canada Trading Up 0.3 %

Shares of TSE NA opened at C$120.41 on Friday. The company has a market cap of C$46.95 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 12 month low of C$104.84 and a 12 month high of C$141.15. The stock has a 50-day moving average price of C$128.77 and a two-hundred day moving average price of C$128.84.

National Bank of Canada Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Monday, March 31st will be issued a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.79%. National Bank of Canada’s payout ratio is 39.03%.

Insiders Place Their Bets

In other National Bank of Canada news, Director Robert Paré purchased 4,200 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of C$120.34 per share, for a total transaction of C$505,428.00. Also, Director Yvon Charest purchased 334 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were acquired at an average price of C$125.90 per share, for a total transaction of C$42,050.60. In the last three months, insiders have acquired 6,344 shares of company stock worth $763,776. 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.