National Bank of Canada (TSE:NA) Share Price Crosses Below 50 Day Moving Average of $62.10
National Bank of Canada (TSE:NA)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $62.10 and traded as low as $63.34. National Bank of Canada shares last traded at $63.36, with a volume of 448,616 shares changing hands.
A number of equities research analysts have recently commented on NA shares. Barclays reiterated a “hold” rating on shares of Bank of Montreal in a research report on Tuesday, June 11th. Canaccord Genuity reiterated a “hold” rating and set a GBX 365 ($4.77) price objective on shares of Crest Nicholson in a research report on Wednesday, May 15th. CSFB cut their price objective on National Bank of Canada from C$65.00 to C$64.00 in a research report on Friday, May 31st. Finally, Desjardins increased their price objective on Toronto-Dominion Bank from C$82.00 to C$83.00 in a research report on Tuesday, May 14th.
The firm’s 50-day simple moving average is C$62.13. The company has a market cap of $21.51 billion and a P/E ratio of 10.46.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Tuesday, June 25th will be paid a dividend of $0.68 per share. This is an increase from National Bank of Canada’s previous quarterly dividend of $0.65. This represents a $2.72 annualized dividend and a yield of 4.30%. The ex-dividend date is Monday, June 24th. National Bank of Canada’s payout ratio is 41.98%.
About National Bank of Canada (TSE:NA)
National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.
Read More: Systematic Risk and Investors
Receive News & Ratings for National Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.