National Bank of Canada (TSE:NA) Receives C$122.64 Average Price Target from Brokerages

Shares of National Bank of Canada (TSE:NA) have been given an average recommendation of “Hold” by the thirteen brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$122.64.

Several equities analysts have commented on the company. Desjardins upped their price target on 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. Royal Bank of Canada increased their target price on National Bank of Canada from C$113.00 to C$116.00 in a report on Thursday, August 29th. CIBC cut National Bank of Canada from an “outperform” rating to a “neutral” rating in a report on Friday, September 20th. BMO Capital Markets increased their target price on National Bank of Canada from C$115.00 to C$125.00 in a report on Thursday, August 29th. Finally, Cibc World Mkts cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 20th.

Insider Buying and Selling at National Bank of Canada

In related news, Director Yvon Charest purchased 325 shares of National Bank of Canada stock in a transaction dated Monday, August 19th. The shares were acquired at an average cost of C$117.24 per share, for a total transaction of C$38,103.00. Corporate insiders own 0.21% of the company’s stock.

National Bank of Canada Stock Up 0.5 %

National Bank of Canada stock opened at C$133.21 on Friday. The business has a 50 day moving average price of C$129.32 and a two-hundred day moving average price of C$119.14. The stock has a market cap of C$45.34 billion, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 12 month low of C$87.92 and a 12 month high of C$135.00.

National Bank of Canada (TSE:NA) last posted its quarterly earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 EPS for the quarter, beating the consensus estimate of C$2.50 by C$0.18. The firm 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%. On average, analysts expect that National Bank of Canada will post 10.8360791 earnings per share for the current fiscal year.

National Bank of Canada Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Monday, September 30th were given a $1.10 dividend. The ex-dividend date was Friday, September 27th. This represents a $4.40 dividend on an annualized basis and a yield of 3.30%. National Bank of Canada’s payout ratio is 42.84%.

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.