Brokerages Set National Bank of Canada (TSE:NA) Target Price at C$194.04

Shares of National Bank of Canada (TSE:NA) have been assigned an average recommendation of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$197.54.

Several analysts recently commented on the stock. Canaccord Genuity Group upped their price target on shares of National Bank of Canada from C$190.00 to C$200.00 and gave the company a “hold” rating in a research report on Wednesday. TD Securities upped their price target 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 upped their price target on shares of National Bank of Canada from C$172.00 to C$188.00 in a research report on Wednesday. Royal Bank Of Canada reduced their price target on shares of National Bank of Canada from C$193.00 to C$180.00 and set a “sector perform” rating for the company in a research report on Wednesday, March 25th. Finally, National Bank Financial upped their price target on shares of National Bank of Canada from C$183.00 to C$196.00 in a research report on Thursday, March 5th.

National Bank of Canada Trading Up 1.3%

Shares of TSE:NA opened at C$209.80 on Thursday. The company has a market capitalization of C$81.22 billion, a PE ratio of 20.23, a P/E/G ratio of 7.14 and a beta of 1.30. National Bank of Canada has a twelve month low of C$127.50 and a twelve month high of C$210.20. The firm has a 50 day simple moving average of C$193.84 and a 200-day simple moving average of C$179.10.

National Bank of Canada (TSE:NA) last issued its quarterly earnings data on Wednesday, February 25th. The financial services provider reported C$3.25 earnings per share for the quarter. National Bank of Canada had a net margin of 15.85% and a return on equity of 12.83%. The business had revenue of C$3.89 billion during the quarter. As a group, equities research analysts predict that National Bank of Canada will post 10.8360791 EPS for the current fiscal year.

National Bank of Canada Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, May 1st were given a $1.24 dividend. The ex-dividend date was Monday, March 30th. This represents a $4.96 annualized dividend and a yield of 2.4%. National Bank of Canada’s dividend payout ratio is 45.71%.

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.