National Bank of Canada (TSE:NA) Given a C$123.00 Price Target at UBS Group

UBS Group set a C$123.00 price target on National Bank of Canada (TSE:NA) in a report released on Tuesday, BayStreet.CA reports. The brokerage currently has a buy rating on the financial services provider’s stock.

Several other analysts have also commented on NA. Canaccord Genuity Group boosted their price target on National Bank of Canada from C$109.00 to C$117.00 and gave the company a hold rating in a research note on Thursday, May 30th. CIBC boosted their price target on National Bank of Canada from C$109.00 to C$124.00 and gave the company an outperform rating in a research note on Thursday, May 30th. Cormark boosted their price target on National Bank of Canada from C$119.00 to C$120.00 in a research note on Thursday, May 30th. Jefferies Financial Group decreased their price target on National Bank of Canada from C$123.00 to C$121.00 and set a hold rating on the stock in a research note on Thursday, June 6th. Finally, TD Securities boosted their price target on National Bank of Canada from C$118.00 to C$121.00 in a research note on Friday, May 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Hold and an average target price of C$114.62.

National Bank of Canada Trading Up 0.7 %

Shares of TSE:NA opened at C$109.22 on Tuesday. National Bank of Canada has a 1-year low of C$84.27 and a 1-year high of C$118.77. The firm has a market capitalization of C$37.12 billion, a PE ratio of 11.49, a PEG ratio of 17.04 and a beta of 1.12. The business’s 50 day moving average is C$112.76 and its 200-day moving average is C$108.15.

National Bank of Canada (TSE:NA) last announced its quarterly earnings data on Wednesday, May 29th. The financial services provider reported C$2.54 earnings per share for the quarter, topping the consensus estimate of C$2.43 by C$0.11. National Bank of Canada had a return on equity of 14.73% and a net margin of 34.22%. The company had revenue of C$2.84 billion for the quarter, compared to analyst estimates of C$2.89 billion. On average, sell-side analysts predict that National Bank of Canada will post 9.8686007 EPS for the current year.

National Bank of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, June 24th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date is Monday, June 24th. This is an increase from National Bank of Canada’s previous quarterly dividend of $1.06. National Bank of Canada’s dividend payout ratio is currently 44.63%.

Insider Activity at National Bank of Canada

In related news, Senior Officer Lucie Blanchet sold 8,800 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of C$107.59, for a total value of C$946,792.00. In other National Bank of Canada news, Senior Officer Lucie Blanchet sold 8,800 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of C$107.59, for a total value of C$946,792.00. Also, Director Yvon Charest bought 324 shares of the firm’s stock in a transaction on Tuesday, May 21st. The stock was acquired at an average cost of C$116.20 per share, with a total value of C$37,648.80. 0.20% of the stock is currently owned by corporate 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.