National Bank of Canada (TSE:NA) Price Target Raised to C$180.00

National Bank of Canada (TSE:NA) had its price target raised by Canaccord Genuity Group from C$170.00 to C$180.00 in a report issued on Thursday,BayStreet.CA reports. They currently have a hold rating on the financial services provider’s stock.

A number of other analysts have also weighed in on the stock. Raymond James Financial raised their target price on shares of National Bank of Canada from C$168.00 to C$173.00 and gave the company a “market perform” rating in a research report on Thursday, December 4th. Barclays boosted their price objective on National Bank of Canada from C$147.00 to C$158.00 and gave the company an “equal weight” rating in a research note on Monday, November 24th. Royal Bank Of Canada lifted their price target on shares of National Bank of Canada from C$149.00 to C$163.00 in a research note on Thursday, December 4th. Jefferies Financial Group lifted their price target on shares of National Bank of Canada from C$156.00 to C$165.00 in a research report on Wednesday. Finally, BMO Capital Markets upped their price target on National Bank of Canada from C$172.00 to C$177.00 in a report on Wednesday, December 17th. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, National Bank of Canada presently has a consensus rating of “Hold” and an average price target of C$168.92.

National Bank of Canada Trading Up 1.5%

Shares of NA opened at C$174.78 on Thursday. The firm has a fifty day simple moving average of C$171.03 and a 200 day simple moving average of C$159.46. The stock has a market capitalization of C$68.22 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 7.14 and a beta of 1.05. National Bank of Canada has a 12 month low of C$106.67 and a 12 month high of C$177.54.

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

National Bank of Canada Increases Dividend

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