National Bank of Canada (NA) Insider Ricardo Pascoe Sells 48,340 Shares
National Bank of Canada (TSE:NA) insider Ricardo Pascoe sold 48,340 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of C$63.25, for a total value of C$3,057,505.00.
National Bank of Canada (NA) traded up C$0.62 on Friday, reaching C$64.00. The company had a trading volume of 1,046,361 shares, compared to its average volume of 1,085,629. National Bank of Canada has a 12-month low of C$51.41 and a 12-month high of C$64.37.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, December 27th will be issued a $0.60 dividend. This is a positive change from National Bank of Canada’s previous quarterly dividend of $0.58. This represents a $2.40 annualized dividend and a yield of 3.75%. National Bank of Canada’s payout ratio is 42.38%.
A number of research analysts have recently commented on the company. Eight Capital lowered National Bank of Canada from a “buy” rating to a “neutral” rating and raised their price target for the company from C$66.00 to C$67.00 in a report on Monday. Desjardins lifted their target price on National Bank of Canada from C$62.00 to C$64.00 in a report on Monday. CSFB lifted their target price on National Bank of Canada from C$59.00 to C$61.00 in a report on Monday. Canaccord Genuity lifted their price target on National Bank of Canada from C$66.00 to C$68.00 in a research note on Monday. Finally, BMO Capital Markets lifted their price target on National Bank of Canada from C$61.00 to C$66.00 and gave the stock a “market perform” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of C$64.50.
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National Bank of Canada Company Profile
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