National Bank of Canada (NA) Rating Reiterated by Dundee Securities
National Bank of Canada (TSE:NA)‘s stock had its “neutral” rating reaffirmed by research analysts at Dundee Securities in a research report issued to clients and investors on Wednesday. They presently have a C$51.00 price objective on the stock. Dundee Securities’ target price points to a potential upside of 8.58% from the company’s previous close.
A number of other research analysts have also issued reports on NA. TD Securities boosted their target price on National Bank of Canada from C$43.00 to C$47.00 and gave the company a “hold” rating in a report on Thursday, September 1st. Desjardins reissued a “hold” rating and issued a C$46.00 target price on shares of National Bank of Canada in a report on Thursday, September 1st. Barclays PLC reissued an “equal weight” rating on shares of National Bank of Canada in a report on Friday, June 3rd. BMO Capital Markets boosted their target price on National Bank of Canada from C$45.00 to C$49.00 in a report on Thursday, September 1st. Finally, Canaccord Genuity reissued a “buy” rating on shares of National Bank of Canada in a report on Wednesday, June 8th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of C$49.33.
National Bank of Canada (TSE:NA) opened at 46.97 on Wednesday. The firm has a market capitalization of $15.86 billion and a P/E ratio of 13.58. The company has a 50-day moving average price of $46.60 and a 200 day moving average price of $44.43. National Bank of Canada has a 1-year low of $34.86 and a 1-year high of $47.98.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Monday, September 26th will be given a dividend of $0.55 per share. The ex-dividend date is Thursday, September 22nd. This represents a $2.20 dividend on an annualized basis and a yield of 4.68%.
About National Bank of Canada
National Bank of Canada (the Bank) is an integrated provider of financial services to retail, commercial, corporate and institutional clients. The Bank offers a range of services that include banking and investment solutions, securities brokerage, insurance and wealth management. The Bank operates in three business segments: Personal and Commercial, Wealth Management and Financial Markets.
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