National Bank of Canada (TSE:NA) had its target price lifted by CIBC from C$62.00 to C$68.00 in a report released on Monday.

A number of other equities analysts also recently commented on the company. BMO Capital Markets lifted their price objective on National Bank of Canada from C$60.00 to C$61.00 and gave the stock a market perform rating in a research report on Thursday, August 31st. TD Securities lifted their price objective on National Bank of Canada from C$60.00 to C$61.00 and gave the stock a hold rating in a research report on Thursday, August 31st. Canaccord Genuity lifted their price objective on National Bank of Canada from C$60.00 to C$62.00 in a research report on Thursday, August 31st. Royal Bank Of Canada lifted their price objective 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. Finally, Scotiabank lifted their price objective on National Bank of Canada from C$61.00 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, three have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of C$61.58.

Shares of National Bank of Canada (NA) traded down C$0.27 during trading on Monday, reaching C$62.33. The company had a trading volume of 711,754 shares, compared to its average volume of 1,102,496. National Bank of Canada has a 52-week low of C$47.51 and a 52-week high of C$63.86.

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The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Monday, September 25th were given 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 3.72%. National Bank of Canada’s dividend payout ratio is currently 47.17%.

In related news, insider Elaine Marchand sold 6,100 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of C$59.50, for a total value of C$362,950.00. Also, Director Richard Fortin acquired 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was purchased at an average price of C$59.40 per share, for a total transaction of C$237,600.00. In the last 90 days, insiders acquired 16,900 shares of company stock worth $988,018 and sold 17,100 shares worth $980,254.

About National Bank of Canada

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

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