National Bank of Canada (TSE:NA) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Shares of National Bank of Canada (TSE:NA) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$182.68 and traded as high as C$203.54. National Bank of Canada shares last traded at C$203.44, with a volume of 1,327,997 shares.

Analyst Ratings Changes

A number of analysts have recently commented on NA shares. Jefferies Financial Group upped their price objective on National Bank of Canada from C$172.00 to C$188.00 in a report on Wednesday, May 20th. Scotiabank upped their price objective on National Bank of Canada from C$202.00 to C$214.00 and gave the stock a “sector outperform” rating in a report on Monday, May 4th. Royal Bank Of Canada dropped their price objective on National Bank of Canada from C$193.00 to C$180.00 and set a “sector perform” rating for the company in a report on Wednesday, March 25th. Canadian Imperial Bank of Commerce upped their price objective on National Bank of Canada from C$209.00 to C$221.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. Finally, Raymond James Financial dropped their price objective on National Bank of Canada from C$206.50 to C$203.00 and set a “market perform” rating for the company in a report on Thursday, May 28th. Three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$198.42.

National Bank of Canada Trading Up 1.7%

The business’s 50-day moving average is C$199.23 and its two-hundred day moving average is C$182.68. The stock has a market capitalization of C$78.35 billion, a PE ratio of 18.00, a PEG ratio of 7.14 and a beta of 1.30.

National Bank of Canada (TSE:NA) last announced its quarterly earnings results on Wednesday, May 27th. The financial services provider reported C$3.23 earnings per share for the quarter. The firm had revenue of C$3.91 billion during the quarter. National Bank of Canada had a net margin of 16.87% and a return on equity of 13.77%. On average, analysts predict that National Bank of Canada will post 10.8360791 EPS for the current year.

National Bank of Canada Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, May 1st were given a $1.24 dividend. This represents a $4.96 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, March 30th. National Bank of Canada’s dividend payout ratio is presently 42.83%.

About National Bank of Canada

National Bank of Canada is the sixth-largest Canadian bank. The bank offers integrated financial services, primarily in the province of Quebec as well as the city of Toronto. Operational segments include personal and commercial banking, wealth management, and a financial markets group.