National Bank of Canada (TSE:NA) Price Target Raised to C$177.00

by · The Cerbat Gem

National Bank of Canada (TSE:NA – Free Report) had its price target lifted by BMO Capital Markets from C$172.00 to C$177.00 in a research note issued to investors on Wednesday,BayStreet.CA reports.

A number of other equities research analysts have also issued reports on the stock. TD Securities upped their target price on shares of National Bank of Canada from C$161.00 to C$181.00 and gave the company a “hold” rating in a research note on Thursday, December 4th. Jefferies Financial Group lowered their price objective on National Bank of Canada from C$153.00 to C$152.00 and set a “hold” rating for the company in a report on Tuesday, November 25th. Canaccord Genuity Group increased their target price on National Bank of Canada from C$160.00 to C$166.00 in a report on Thursday, December 4th. Scotiabank lifted their target price on National Bank of Canada from C$166.00 to C$184.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Finally, Barclays upped their price target on National Bank of Canada from C$147.00 to C$158.00 and gave the company an “equal weight” rating in a research report on Monday, November 24th. Three research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$165.83.

Read Our Latest Stock Analysis on NA

National Bank of Canada Trading Up 1.4%

NA stock opened at C$176.03 on Wednesday. National Bank of Canada has a twelve month low of C$106.67 and a twelve month high of C$177.03. The company has a market capitalization of C$69.03 billion, a P/E ratio of 17.48, a PEG ratio of 7.14 and a beta of 1.13. The firm has a 50 day simple moving average of C$162.42 and a 200-day simple moving average of C$150.61.

National Bank of Canada (TSE:NA – Get Free Report) last posted its quarterly earnings results on Wednesday, December 3rd. The financial services provider reported C$2.82 earnings per share (EPS) for the quarter. National Bank of Canada had a net margin of 19.69% and a return on equity of 15.43%. The firm had revenue of C$3.70 billion for the quarter. On average, research analysts predict that National Bank of Canada will post 10.8360791 EPS for the current year.

National Bank of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, February 1st. Investors of record on Sunday, February 1st will be paid a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, December 29th. This is an increase from National Bank of Canada’s previous quarterly dividend of $1.18. National Bank of Canada’s dividend payout ratio (DPR) is currently 46.08%.

About National Bank of Canada

(Get Free Report)

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.

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