National Bank of Canada (TSE:NA) Price Target Raised to C$140.00

National Bank of Canada (TSE:NA) had its price target increased by TD Securities from C$129.00 to C$140.00 in a report issued on Friday,BayStreet.CA reports.

Several other equities research analysts also recently issued reports on the company. Canaccord Genuity Group raised their price target on National Bank of Canada from C$113.00 to C$123.00 in a research report on Thursday, August 29th. Cormark upped their price target on National Bank of Canada from C$122.00 to C$128.00 in a report on Thursday, August 29th. Desjardins boosted their target price on shares of National Bank of Canada from C$116.00 to C$118.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. Cibc World Mkts downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 20th. Finally, Scotiabank boosted their price objective on shares of National Bank of Canada from C$120.00 to C$129.00 in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$123.64.

National Bank of Canada Price Performance

TSE NA opened at C$133.67 on Friday. National Bank of Canada has a fifty-two week low of C$87.92 and a fifty-two week high of C$135.00. The stock’s 50-day moving average is C$129.70 and its two-hundred day moving average is C$119.55. The firm has a market cap of C$45.50 billion, a P/E ratio of 13.02, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12.

National Bank of Canada (TSE:NA) last posted its earnings results 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 firm had revenue of C$2.98 billion during the quarter, compared to analyst estimates 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, equities analysts expect that National Bank of Canada will post 10.8360791 EPS for the current year.

National Bank of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Monday, September 30th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $4.40 annualized dividend and a dividend yield of 3.29%. National Bank of Canada’s dividend payout ratio (DPR) is presently 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.