National Bank of Canada (TSE:NA) Price Target Raised to C$143.00

National Bank of Canada (TSE:NA) had its price objective hoisted by BMO Capital Markets from C$125.00 to C$143.00 in a research report report published on Monday morning,BayStreet.CA reports.

Other equities analysts have also recently issued reports about the stock. Cibc World Mkts cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 20th. Royal Bank of Canada boosted their price target on shares of National Bank of Canada from C$113.00 to C$116.00 in a report on Thursday, August 29th. Canaccord Genuity Group lifted their price objective on shares of National Bank of Canada from C$113.00 to C$123.00 in a research report on Thursday, August 29th. CIBC downgraded shares of National Bank of Canada from an “outperform” rating to a “neutral” rating in a research report on Friday, September 20th. Finally, Desjardins upped their price objective on shares of National Bank of Canada from C$116.00 to C$118.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$126.36.

National Bank of Canada Stock Up 1.2 %

Shares of TSE NA opened at C$137.09 on Monday. The firm’s 50-day moving average price is C$130.20 and its 200-day moving average price is C$119.78. National Bank of Canada has a 52-week low of C$87.92 and a 52-week high of C$137.22. The company has a market cap of C$46.66 billion, a PE ratio of 13.35, a PEG ratio of 7.14 and a beta of 1.12.

National Bank of Canada (TSE:NA) last released its quarterly earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share for the quarter, topping the consensus estimate of C$2.50 by C$0.18. The business had revenue of C$2.98 billion for the quarter, compared to the consensus estimate of C$2.95 billion. National Bank of Canada had a net margin of 34.50% and a return on equity of 15.18%. As a group, equities research analysts anticipate that National Bank of Canada will post 10.8360791 EPS for the current fiscal year.

National Bank of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Monday, September 30th were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 3.21%. The ex-dividend date was Friday, September 27th. National Bank of Canada’s dividend payout ratio is presently 42.84%.

Insider Transactions at National Bank of Canada

In related news, Director Yvon Charest acquired 285 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were acquired at an average cost of C$133.71 per share, with a total value of C$38,107.35. Company 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.