National Bank of Canada (TSE:NA) Receives C$191.10 Consensus PT from Analysts

Shares of National Bank of Canada (TSE:NA) have earned an average rating of “Hold” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$191.10.

A number of equities analysts have recently weighed in on the company. Raymond James Financial upped their target price on National Bank of Canada from C$179.00 to C$200.00 and gave the company a “market perform” rating in a report on Thursday, February 26th. TD Securities boosted their price objective on shares of National Bank of Canada from C$175.00 to C$182.00 in a research report on Thursday, February 26th. Jefferies Financial Group increased their target price on shares of National Bank of Canada from C$165.00 to C$172.00 in a research report on Thursday, February 26th. Canaccord Genuity Group lifted their target price on shares of National Bank of Canada from C$180.00 to C$191.00 and gave the company a “hold” rating in a research note on Thursday, February 26th. Finally, Canadian Imperial Bank of Commerce upped their price target on shares of National Bank of Canada from C$189.00 to C$193.00 in a research note on Thursday, February 26th.

National Bank of Canada Stock Up 0.5%

Shares of National Bank of Canada stock opened at C$192.01 on Friday. National Bank of Canada has a 12 month low of C$106.67 and a 12 month high of C$193.71. The stock has a market cap of C$74.94 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 7.14 and a beta of 1.05. The business has a fifty day simple moving average of C$173.46 and a 200-day simple moving average of C$162.81.

National Bank of Canada (TSE:NA) last posted its quarterly earnings results on Wednesday, February 25th. The financial services provider reported C$3.25 earnings per share for the quarter. National Bank of Canada had a return on equity of 12.83% and a net margin of 15.85%.The firm had revenue of C$3.89 billion for the quarter. Analysts expect that National Bank of Canada will post 10.8360791 EPS for the current fiscal year.

National Bank of Canada Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, February 1st. Shareholders of record on Sunday, February 1st were given a $1.24 dividend. This represents a $4.96 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Monday, December 29th. This is an increase from National Bank of Canada’s previous quarterly dividend of $1.18. National Bank of Canada’s payout ratio is currently 46.08%.

About National Bank of Canada

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.