National Bank of Canada (TSE:NA) Price Target Raised to C$143.00

National Bank of Canada (TSE:NA) had its price target raised by BMO Capital Markets from C$125.00 to C$143.00 in a research report sent to investors on Monday,BayStreet.CA reports.

NA has been the subject of several other research reports. Jefferies Financial Group boosted their target price on National Bank of Canada from C$119.00 to C$126.00 in a research note on Thursday, August 29th. Cibc World Mkts lowered National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th. TD Securities lifted their price target on National Bank of Canada from C$129.00 to C$140.00 in a research report on Friday, November 15th. Royal Bank of Canada lifted their price target on National Bank of Canada from C$113.00 to C$116.00 in a research report on Thursday, August 29th. Finally, Scotiabank lifted their price target on National Bank of Canada from C$120.00 to C$129.00 in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$126.36.

National Bank of Canada Price Performance

Shares of National Bank of Canada stock opened at C$137.40 on Monday. The business has a 50-day moving average of C$130.45 and a 200 day moving average of C$119.96. National Bank of Canada has a 12 month low of C$87.92 and a 12 month high of C$137.54. The stock has a market capitalization of C$46.77 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12.

National Bank of Canada (TSE:NA) last announced its quarterly earnings data on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.50 by C$0.18. The business had revenue of C$2.98 billion during the quarter, compared to analysts’ expectations of C$2.95 billion. National Bank of Canada had a return on equity of 15.18% and a net margin of 34.50%. Equities research analysts anticipate that National Bank of Canada will post 10.8360791 earnings per share for the current year.

National Bank of Canada Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Monday, September 30th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Friday, September 27th. National Bank of Canada’s dividend payout ratio is presently 42.84%.

Insider Transactions at National Bank of Canada

In other news, Director Yvon Charest bought 285 shares of the stock in a transaction on Tuesday, November 19th. The shares were purchased at an average price of C$133.71 per share, for a total transaction of C$38,107.35. 0.21% of the stock is owned by insiders.

About National Bank of Canada

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.