National Bank of Canada (TSE:NA) Given Consensus Rating of “Hold” by Analysts

Shares of National Bank of Canada (TSE:NA) have received a consensus recommendation of “Hold” from the twelve research firms that are presently covering the firm, MarketBeat reports. Nine investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$165.83.

A number of analysts have commented on NA shares. Canaccord Genuity Group upped their price objective on shares of National Bank of Canada from C$160.00 to C$166.00 in a research note on Thursday, December 4th. BMO Capital Markets boosted their price target on shares of National Bank of Canada from C$172.00 to C$177.00 in a report on Wednesday, December 17th. Barclays raised their price objective on shares of National Bank of Canada from C$147.00 to C$158.00 and gave the stock an “equal weight” rating in a research note on Monday, November 24th. Scotiabank boosted their target price on shares of National Bank of Canada from C$166.00 to C$184.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. Finally, Royal Bank Of Canada raised their target price on National Bank of Canada from C$149.00 to C$163.00 in a research report on Thursday, December 4th.

National Bank of Canada Stock Up 1.4%

NA opened at C$176.03 on Monday. The firm has a market cap of C$69.03 billion, a PE ratio of 17.48, a P/E/G ratio of 7.14 and a beta of 1.13. The business has a fifty day simple moving average of C$162.42 and a 200-day simple moving average of C$150.84. National Bank of Canada has a fifty-two week low of C$106.67 and a fifty-two week high of C$177.03.

National Bank of Canada (TSE:NA) last announced its earnings results on Wednesday, December 3rd. The financial services provider reported C$2.82 EPS for the quarter. National Bank of Canada had a return on equity of 15.43% and a net margin of 19.69%.The business had revenue of C$3.70 billion during the quarter. On average, equities research analysts anticipate that National Bank of Canada will post 10.8360791 EPS for the current fiscal year.

National Bank of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, February 1st. Shareholders of record on Sunday, February 1st will be given a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, December 29th. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.18. National Bank of Canada’s dividend payout ratio is 46.08%.

About National Bank of Canada

National Bank of Canada is the sixth-largest Canadian bank. The bank offers integrated financial services, primarily in the province of Quebec as well as the city of Toronto. Operational segments include personal and commercial banking, wealth management, and a financial markets group.