National Bank of Canada (TSE:NA) Receives C$122.64 Average PT from Analysts

Shares of National Bank of Canada (TSE:NA) have received an average rating of “Hold” from the thirteen brokerages that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$122.64.

A number of brokerages have issued reports on NA. Scotiabank increased their target price on shares of National Bank of Canada from C$120.00 to C$129.00 in a research report on Thursday, August 29th. TD Securities lifted their price objective on National Bank of Canada from C$123.00 to C$129.00 in a report on Thursday, August 29th. Cormark increased their target price on National Bank of Canada from C$122.00 to C$128.00 in a report on Thursday, August 29th. Jefferies Financial Group raised their price target on National Bank of Canada from C$119.00 to C$126.00 in a research report on Thursday, August 29th. Finally, Royal Bank of Canada upped their price objective on shares of National Bank of Canada from C$113.00 to C$116.00 in a research report on Thursday, August 29th.

National Bank of Canada Trading Down 0.1 %

NA opened at C$132.77 on Friday. The stock’s fifty day simple moving average is C$128.96 and its 200 day simple moving average is C$118.90. National Bank of Canada has a 1-year low of C$86.96 and a 1-year high of C$135.00. The stock has a market cap of C$45.19 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12.

National Bank of Canada (TSE:NA) last announced its quarterly earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 EPS for the quarter, beating analysts’ consensus estimates of C$2.50 by C$0.18. The business had revenue of C$2.98 billion for the quarter, compared to analyst estimates of C$2.95 billion. National Bank of Canada had a net margin of 34.50% and a return on equity of 15.18%. Equities analysts forecast that National Bank of Canada will post 10.8360791 earnings per share for the current year.

National Bank of Canada Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Monday, September 30th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date was Friday, September 27th. National Bank of Canada’s dividend payout ratio is presently 42.84%.

Insider Activity

In other National Bank of Canada news, Director Yvon Charest purchased 325 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was purchased at an average cost of C$117.24 per share, for a total transaction of C$38,103.00. Insiders own 0.21% of the company’s stock.

National Bank of Canada Company Profile

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.