Analysts Set National Bank of Canada (TSE:NA) Price Target at C$161.92

National Bank of Canada (TSE:NA) has received an average recommendation of “Hold” from the twelve analysts that are currently covering the stock, Marketbeat reports. Nine analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$165.83.

Several equities analysts have issued reports on the company. BMO Capital Markets raised their price objective on National Bank of Canada from C$172.00 to C$177.00 in a report on Wednesday. Jefferies Financial Group decreased their target price on National Bank of Canada from C$153.00 to C$152.00 and set a “hold” rating for the company in a research report on Tuesday, November 25th. CIBC lifted their price target on National Bank of Canada from C$174.00 to C$179.00 and gave the stock a “neutral” rating in a research report on Thursday, December 11th. Desjardins boosted their price objective on National Bank of Canada from C$175.00 to C$180.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Canaccord Genuity Group raised their target price on shares of National Bank of Canada from C$160.00 to C$166.00 in a research report on Thursday, December 4th.

National Bank of Canada Trading Up 1.4%

NA stock opened at C$176.03 on Monday. The stock has a market cap of C$69.03 billion, a P/E ratio of 17.48, a PEG ratio of 7.14 and a beta of 1.13. National Bank of Canada has a twelve month low of C$106.67 and a twelve month high of C$177.03. The company’s 50 day moving average is C$162.42 and its two-hundred day moving average is C$150.61.

National Bank of Canada (TSE:NA) last posted its earnings results on Wednesday, December 3rd. The financial services provider reported C$2.82 EPS for the quarter. National Bank of Canada had a net margin of 19.69% and a return on equity of 15.43%. The firm had revenue of C$3.70 billion for the quarter. On average, equities research analysts predict that National Bank of Canada will post 10.8360791 earnings per share for the current year.

National Bank of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, February 1st. Investors of record on Sunday, February 1st will be paid a dividend of $1.24 per share. The ex-dividend date is Monday, December 29th. This represents a $4.96 dividend on an annualized basis and a yield of 2.8%. This is an increase from National Bank of Canada’s previous quarterly dividend of $1.18. National Bank of Canada’s dividend payout ratio (DPR) is currently 46.08%.

National Bank of Canada Company Profile

National Bank of Canada is the sixth-largest Canadian bank. The bank offers integrated financial services, primarily in the province of Quebec as well as the city of Toronto. Operational segments include personal and commercial banking, wealth management, and a financial markets group.