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

National Bank of Canada (TSE:NA) has received a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$122.64.

Several brokerages have recently issued reports on NA. TD Securities lifted their price target on National Bank of Canada from C$123.00 to C$129.00 in a research report on Thursday, August 29th. Jefferies Financial Group upped their price target on shares of National Bank of Canada from C$119.00 to C$126.00 in a report on Thursday, August 29th. Cormark lifted their price objective on shares of National Bank of Canada from C$122.00 to C$128.00 in a research note on Thursday, August 29th. Scotiabank increased their target price on shares of National Bank of Canada from C$120.00 to C$129.00 in a research note on Thursday, August 29th. Finally, CIBC lowered shares of National Bank of Canada from an “outperform” rating to a “neutral” rating in a research report on Friday, September 20th.

National Bank of Canada Price Performance

TSE:NA opened at C$131.32 on Wednesday. The firm has a market capitalization of C$44.70 billion, a P/E ratio of 12.79, a P/E/G ratio of 7.14 and a beta of 1.12. The business has a 50 day simple moving average of C$124.52 and a 200 day simple moving average of C$116.73. National Bank of Canada has a 12-month low of C$84.27 and a 12-month high of C$132.67.

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

National Bank of Canada Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Monday, September 30th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Friday, September 27th. National Bank of Canada’s dividend payout ratio (DPR) is 42.84%.

Insider Buying and Selling at National Bank of Canada

In related news, Director Yvon Charest purchased 325 shares of National Bank of Canada stock in a transaction on Monday, August 19th. The stock was purchased at an average cost of C$117.24 per share, with a total value 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.