Analysts Set National Bank of Canada (TSE:NA) Price Target at C$122.64

National Bank of Canada (TSE:NA) has earned an average rating of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$122.64.

A number of research firms recently issued reports on NA. Canaccord Genuity Group raised their price objective on shares of National Bank of Canada from C$113.00 to C$123.00 in a report on Thursday, August 29th. BMO Capital Markets raised their target price on National Bank of Canada from C$115.00 to C$125.00 in a report on Thursday, August 29th. UBS Group set a C$123.00 target price on National Bank of Canada and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Scotiabank upped their price target on National Bank of Canada from C$120.00 to C$129.00 in a research report on Thursday, August 29th. Finally, Jefferies Financial Group raised their price objective on National Bank of Canada from C$119.00 to C$126.00 in a research note on Thursday, August 29th.

National Bank of Canada Stock Up 0.2 %

TSE:NA opened at C$127.48 on Friday. National Bank of Canada has a 52 week low of C$84.27 and a 52 week high of C$128.37. The stock has a market cap of C$43.39 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 17.04 and a beta of 1.12. The company’s 50 day moving average price is C$118.84 and its 200-day moving average price is C$114.55.

National Bank of Canada (TSE:NA) last released its quarterly earnings data on Wednesday, August 28th. The financial services provider reported C$2.68 EPS for the quarter, beating the consensus estimate of C$2.50 by C$0.18. National Bank of Canada had a return on equity of 15.18% and a net margin of 34.50%. The company had revenue of C$2.98 billion for the quarter, compared to analysts’ expectations of C$2.95 billion. As a group, sell-side analysts anticipate that National Bank of Canada will post 10.8549488 earnings per share for the current year.

National Bank of Canada Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Monday, September 30th will be issued a $1.10 dividend. The ex-dividend date is Friday, September 27th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.45%. National Bank of Canada’s dividend payout ratio (DPR) is presently 42.84%.

Insider Buying and Selling

In related news, Director Yvon Charest bought 325 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was purchased at an average price of C$117.24 per share, for a total transaction of C$38,103.00. 0.21% of the stock is currently owned by company insiders.

About National Bank of Canada

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.