Brokerages Set National Bank of Canada (TSE:NA) Target Price at C$190.27
by Jessica Moore · The Cerbat GemShares of National Bank of Canada (TSE:NA – Get Free Report) have received a consensus rating of “Hold” from the ten analysts that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$190.27.
NA has been the topic of a number of recent analyst reports. Raymond James Financial increased their price objective on National Bank of Canada from C$179.00 to C$200.00 and gave the company a “market perform” rating in a report on Thursday, February 26th. Canaccord Genuity Group decreased their target price on National Bank of Canada from C$191.00 to C$190.00 and set a “hold” rating for the company in a research note on Monday, March 9th. BMO Capital Markets upped their price target on National Bank of Canada from C$177.00 to C$195.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. National Bank Financial increased their price target on shares of National Bank of Canada from C$183.00 to C$196.00 in a research note on Thursday, March 5th. Finally, TD Securities boosted their price objective on shares of National Bank of Canada from C$175.00 to C$182.00 in a research report on Thursday, February 26th.
National Bank of Canada Trading Down 0.9%
National Bank of Canada stock opened at C$201.79 on Friday. The company has a fifty day simple moving average of C$185.19 and a 200-day simple moving average of C$172.05. The stock has a market cap of C$78.12 billion, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 7.14 and a beta of 1.23. National Bank of Canada has a 12-month low of C$115.81 and a 12-month high of C$204.46.
National Bank of Canada (TSE:NA – Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The financial services provider reported C$3.25 earnings per share for the quarter. The company had revenue of C$3.89 billion for the quarter. National Bank of Canada had a return on equity of 12.83% and a net margin of 15.85%. As a group, sell-side analysts forecast that National Bank of Canada will post 10.8360791 earnings per share for the current fiscal year.
National Bank of Canada Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, May 1st will be paid a dividend of $1.24 per share. This represents a $4.96 annualized dividend and a yield of 2.5%. The ex-dividend date is Monday, March 30th. National Bank of Canada’s dividend payout ratio (DPR) is currently 45.71%.
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.