National Bank of Canada (NA) Sets New 1-Year High After Analyst Upgrade
National Bank of Canada (TSE:NA)’s share price reached a new 52-week high during mid-day trading on Wednesday after Canaccord Genuity raised their price target on the stock from C$62.00 to C$66.00. The company traded as high as C$63.06 and last traded at C$62.95, with a volume of 357,751 shares changing hands. The stock had previously closed at C$62.61.
Several other equities research analysts have also recently weighed in on the company. BMO Capital Markets upped their target price on National Bank of Canada from C$60.00 to C$61.00 and gave the stock a “market perform” rating in a report on Thursday, August 31st. Royal Bank Of Canada upped their target price on National Bank of Canada from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a report on Thursday, August 31st. TD Securities upped their target price on National Bank of Canada from C$60.00 to C$61.00 and gave the stock a “hold” rating in a report on Thursday, August 31st. Finally, Scotiabank upped their target price on National Bank of Canada from C$61.00 to C$65.00 and gave the stock an “outperform” rating in a report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of C$61.08.
In related news, Director Richard Fortin purchased 1,900 shares of National Bank of Canada stock in a transaction dated Monday, September 25th. The stock was purchased at an average cost of C$58.02 per share, with a total value of C$110,238.00. Also, insider Jean Dagenais sold 10,000 shares of the business’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of C$58.45, for a total value of C$584,500.00. Over the last quarter, insiders acquired 16,900 shares of company stock valued at $988,018 and sold 17,100 shares valued at $980,254.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Monday, September 25th were issued a $0.58 dividend. The ex-dividend date of this dividend was Friday, September 22nd. This represents a $2.32 dividend on an annualized basis and a yield of Infinity.
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National Bank of Canada Company Profile
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