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

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

NA has been the subject of several recent research reports. Jefferies Financial Group boosted their price target on National Bank of Canada from C$119.00 to C$126.00 in a research note on Thursday, August 29th. Cibc World Mkts lowered shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 20th. BMO Capital Markets raised their price target on shares of National Bank of Canada from C$115.00 to C$125.00 in a report on Thursday, August 29th. 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 report on Thursday, August 29th. Finally, Canaccord Genuity Group increased their price target on National Bank of Canada from C$113.00 to C$123.00 in a report on Thursday, August 29th.

National Bank of Canada Trading Up 0.4 %

Shares of National Bank of Canada stock opened at C$131.11 on Wednesday. The stock has a 50-day moving average price of C$125.20 and a 200 day moving average price of C$116.96. The company has a market cap of C$44.63 billion, a P/E ratio of 12.77, a P/E/G ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 1 year low of C$84.27 and a 1 year high of C$132.67.

National Bank of Canada (TSE:NA) last announced its quarterly earnings data on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share (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 the consensus estimate of C$2.95 billion. National Bank of Canada had a return on equity of 15.18% and a net margin of 34.50%. On average, equities analysts forecast that National Bank of Canada will post 10.8360791 earnings per share for the current fiscal year.

National Bank of Canada Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Monday, September 30th will be given a $1.10 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $4.40 annualized dividend and a yield of 3.36%. National Bank of Canada’s dividend payout ratio (DPR) is currently 42.84%.

Insider Buying and Selling

In other news, Director Yvon Charest bought 325 shares of National Bank of Canada stock in a transaction that occurred 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. 0.21% of the stock is owned by company insiders.

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.