National Bank of Canada (NA) Downgraded by Barclays to Equal Weight

Barclays lowered shares of National Bank of Canada (TSE:NA) from an overweight rating to an equal weight rating in a research note published on Tuesday, December 19th.

NA has been the subject of a number of other research reports. CSFB boosted their price objective on National Bank of Canada from C$59.00 to C$61.00 in a research report on Monday, December 4th. TD Securities boosted their price objective on National Bank of Canada from C$64.00 to C$66.00 and gave the company a hold rating in a research report on Monday, December 4th. Canaccord Genuity boosted their price target on National Bank of Canada from C$62.00 to C$66.00 in a research report on Wednesday, November 1st. Scotiabank boosted their price target on National Bank of Canada from C$68.00 to C$69.00 and gave the stock a sector perform rating in a research report on Monday, December 4th. Finally, Royal Bank of Canada boosted their price target on National Bank of Canada from C$62.00 to C$65.00 and gave the stock an outperform rating in a research report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of C$65.18.

National Bank of Canada (TSE NA) traded up C$0.05 during trading hours on Tuesday, reaching C$63.85. The company had a trading volume of 759,988 shares, compared to its average volume of 772,641. National Bank of Canada has a twelve month low of C$51.41 and a twelve month high of C$64.39. The firm has a market cap of $21,720.00, a price-to-earnings ratio of 11.87 and a beta of 0.89.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, December 27th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Friday, December 22nd. This is a positive change from National Bank of Canada’s previous quarterly dividend of $0.58. National Bank of Canada’s payout ratio is 42.38%.

In other news, insider Ricardo Pascoe sold 48,340 shares of the company’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. Also, insider Lisa Swiderski sold 4,000 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of C$64.14, for a total value of C$256,560.00. Insiders have sold a total of 239,772 shares of company stock valued at $15,288,811 in the last quarter.

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About National Bank of Canada

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