National Bank of Canada (TSE:NA) Stock Crosses Above 200 Day Moving Average – Time to Sell?

National Bank of Canada (TSE:NA) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$155.84 and traded as high as C$170.61. National Bank of Canada shares last traded at C$169.39, with a volume of 1,737,247 shares traded.

Wall Street Analyst Weigh In

Several analysts recently commented on NA shares. CIBC raised their price objective on National Bank of Canada from C$174.00 to C$179.00 and gave the stock a “neutral” rating in a research note on Thursday, December 11th. Desjardins increased their target price on National Bank of Canada from C$175.00 to C$180.00 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Raymond James Financial lifted their price target on shares of National Bank of Canada from C$168.00 to C$173.00 and gave the company a “market perform” rating in a research note on Thursday, December 4th. Jefferies Financial Group lowered their price objective on shares of National Bank of Canada from C$153.00 to C$152.00 and set a “hold” rating for the company in a research report on Tuesday, November 25th. Finally, Scotiabank boosted their price objective on shares of National Bank of Canada from C$184.00 to C$188.00 in a research report on Friday, January 9th. Three equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, National Bank of Canada has an average rating of “Hold” and a consensus price target of C$166.17.

National Bank of Canada Stock Down 0.3%

The company has a fifty day moving average price of C$170.07 and a 200-day moving average price of C$155.94. The stock has a market capitalization of C$66.11 billion, a P/E ratio of 16.82, a PEG ratio of 7.14 and a beta of 1.15.

National Bank of Canada (TSE:NA) last released its quarterly earnings results on Wednesday, December 3rd. The financial services provider reported C$2.82 earnings per share for the quarter. National Bank of Canada had a return on equity of 15.43% and a net margin of 19.69%.The company had revenue of C$3.70 billion for the quarter. As a group, research analysts expect that National Bank of Canada will post 10.8360791 earnings per share for the current fiscal year.

National Bank of Canada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, February 1st. Shareholders of record on Sunday, February 1st will be paid a $1.24 dividend. This represents a $4.96 annualized dividend and a yield of 2.9%. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.18. The ex-dividend date is Monday, December 29th. National Bank of Canada’s payout ratio is presently 46.08%.

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.