National Bank of Canada (NA) PT Raised to C$69.00
National Bank of Canada (TSE:NA) had its price target lifted by TD Securities from C$68.00 to C$69.00 in a report published on Thursday morning. TD Securities currently has a hold rating on the financial services provider’s stock.
Several other equities research analysts have also recently commented on the stock. CSFB boosted their price objective on shares of National Bank of Canada from C$59.00 to C$61.00 in a research report on Monday, December 4th. Barclays cut shares of National Bank of Canada from an overweight rating to an equal weight rating in a research report on Tuesday, December 19th. Canaccord Genuity boosted their price objective on shares of National Bank of Canada from C$62.00 to C$66.00 in a research report on Wednesday, November 1st. Scotiabank boosted their price objective on shares of National Bank of Canada from C$68.00 to C$69.00 and gave the company a sector perform rating in a research report on Monday, December 4th. Finally, Royal Bank of Canada boosted their price objective on shares of National Bank of Canada from C$65.00 to C$70.00 and gave the company an outperform rating in a research report on Monday, December 4th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of C$67.50.
National Bank of Canada (NA) opened at C$63.29 on Thursday. The firm has a market cap of $21,630.00, a price-to-earnings ratio of 11.51 and a beta of 0.87. National Bank of Canada has a 52-week low of C$51.41 and a 52-week high of C$65.68.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Investors of record on Monday, March 26th will be given a $0.60 dividend. The ex-dividend date is Friday, March 23rd. This represents a $2.40 annualized dividend and a yield of 3.79%. National Bank of Canada’s dividend payout ratio is currently 41.45%.
In other National Bank of Canada news, insider Ricardo Pascoe sold 48,340 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of C$63.25, for a total transaction of C$3,057,505.00. Also, Director Louis Vachon sold 100,000 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of C$64.18, for a total transaction of C$6,418,000.00. Insiders sold a total of 239,772 shares of company stock worth $15,288,811 over the last ninety days.
National Bank of Canada Company Profile
National Bank of Canada (the Bank) is an integrated group, which provides financial services to consumers, small- and medium-sized enterprises (SMEs) and large corporations in its domestic market and also offers specialized services internationally. The Bank’s segments are Personal and Commercial, which includes the banking, financing and investing services offered to individuals and businesses, as well as insurance operations; Wealth Management, which consists of investment solutions, trust services, banking services, lending services and other wealth management solutions offered through internal and third-party distribution networks; Financial Markets, which includes banking services, investment banking services and financial solutions for institutional clients, and Other, which includes treasury operations, including the Bank’s asset and liability management, liquidity management and funding operations; certain non-recurring items, and the unallocated portion of corporate units.
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