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

Shares of National Bank of Canada (TSE:NA - Get Free Report) have earned an average rating of "Hold" from the thirteen ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$122.64.

Several equities analysts have recently weighed in on the stock. Cormark upped their price objective on shares of National Bank of Canada from C$122.00 to C$128.00 in a report on Thursday, August 29th. Jefferies Financial Group upped their price objective on shares of National Bank of Canada from C$119.00 to C$126.00 in a report on Thursday, August 29th. Desjardins lifted their price objective on shares of National Bank of Canada from C$116.00 to C$118.00 and gave the company a "hold" rating in a report on Tuesday, August 6th. TD Securities upped their target price on shares of National Bank of Canada from C$123.00 to C$129.00 in a report on Thursday, August 29th. Finally, CIBC downgraded National Bank of Canada from an "outperform" rating to a "neutral" rating in a research note on Friday, September 20th.

National Bank of Canada Stock Up 0.6 %

Shares of NA stock traded up C$0.80 during mid-day trading on Friday, reaching C$133.91. 636,300 shares of the stock traded hands, compared to its average volume of 1,756,690. The stock's fifty day simple moving average is C$128.84 and its two-hundred day simple moving average is C$118.74. National Bank of Canada has a 1-year low of C$86.96 and a 1-year high of C$135.00. The company has a market cap of C$45.58 billion, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12.

National Bank of Canada (TSE:NA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share for the quarter, topping the consensus estimate of C$2.50 by C$0.18. The company had revenue of C$2.98 billion for the quarter, compared to analysts' expectations of C$2.95 billion. National Bank of Canada had a net margin of 34.50% and a return on equity of 15.18%. On average, equities research analysts anticipate that National Bank of Canada will post 10.8360791 EPS for the current fiscal year.

National Bank of Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Monday, September 30th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend was Friday, September 27th. National Bank of Canada's payout ratio is 42.84%.

Insider Transactions at National Bank of Canada

In other news, Director Yvon Charest purchased 325 shares of the business's stock in a transaction dated Monday, August 19th. The shares were purchased at an average price of C$117.24 per share, for a total transaction of C$38,103.00. 0.21% of the stock is owned by 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.