Brokerages Set National Bank of Canada (TSE:NA) Price Target at C$165.83

National Bank of Canada (TSE:NA) has received an average rating of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$166.17.

A number of equities analysts have recently issued reports on the company. BMO Capital Markets increased their target price on National Bank of Canada from C$172.00 to C$177.00 in a report on Wednesday, December 17th. Scotiabank upped their target price on shares of National Bank of Canada from C$184.00 to C$188.00 in a research report on Friday, January 9th. Desjardins lifted their price objective on shares of National Bank of Canada from C$175.00 to C$180.00 and gave the stock a “buy” rating in a research note on Thursday, December 18th. Canaccord Genuity Group boosted their target price on National Bank of Canada from C$160.00 to C$166.00 in a research note on Thursday, December 4th. Finally, Barclays raised their price objective on shares of National Bank of Canada from C$147.00 to C$158.00 and gave the stock an “equal weight” rating in a report on Monday, November 24th.

National Bank of Canada Trading Down 0.1%

Shares of National Bank of Canada stock opened at C$169.95 on Friday. The company has a market cap of C$66.33 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 7.14 and a beta of 1.15. National Bank of Canada has a 1 year low of C$106.67 and a 1 year high of C$177.54. The company’s fifty day simple moving average is C$169.83 and its 200-day simple moving average is C$155.63.

National Bank of Canada (TSE:NA) last announced its quarterly earnings data on Wednesday, December 3rd. The financial services provider reported C$2.82 EPS for the quarter. The company had revenue of C$3.70 billion during the quarter. National Bank of Canada had a return on equity of 15.43% and a net margin of 19.69%. As a group, research analysts forecast that National Bank of Canada will post 10.8360791 earnings per share for the current fiscal 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 issued a dividend of $1.24 per share. The ex-dividend date is Monday, December 29th. This is an increase from National Bank of Canada’s previous quarterly dividend of $1.18. This represents a $4.96 dividend on an annualized basis and a yield of 2.9%. National Bank of Canada’s dividend payout ratio is 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.