National Bank of Canada (TSE:NA) Receives C$191.45 Consensus Target Price from Brokerages

Shares of National Bank of Canada (TSE:NA) have earned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$190.27.

A number of equities analysts have recently issued reports on the company. Desjardins raised their price target on National Bank of Canada from C$182.00 to C$200.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Jefferies Financial Group lifted their target price on shares of National Bank of Canada from C$165.00 to C$172.00 in a research note on Thursday, February 26th. Canaccord Genuity Group cut their price target on shares of National Bank of Canada from C$191.00 to C$190.00 and set a “hold” rating on the stock in a research note on Monday, March 9th. BMO Capital Markets raised their price target on shares of National Bank of Canada from C$177.00 to C$195.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Finally, Scotiabank lifted their price objective on shares of National Bank of Canada from C$188.00 to C$202.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th.

National Bank of Canada Stock Performance

NA opened at C$177.49 on Wednesday. The stock’s 50 day moving average price is C$176.40 and its 200-day moving average price is C$167.03. National Bank of Canada has a one year low of C$106.67 and a one year high of C$193.71. The stock has a market cap of C$68.71 billion, a price-to-earnings ratio of 17.12, a P/E/G ratio of 7.14 and a beta of 1.32.

National Bank of Canada (TSE:NA) last posted its quarterly earnings results on Wednesday, February 25th. The financial services provider reported C$3.25 EPS for the quarter. The firm had revenue of C$3.89 billion for the quarter. National Bank of Canada had a net margin of 15.85% and a return on equity of 12.83%. As a group, analysts predict that National Bank of Canada will post 10.8360791 earnings per share for the current fiscal year.

National Bank of Canada Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, May 1st will be given a dividend of $1.24 per share. The ex-dividend date of this dividend is Monday, March 30th. This represents a $4.96 dividend on an annualized basis and a yield of 2.8%. National Bank of Canada’s dividend payout ratio (DPR) is currently 45.71%.

National Bank of Canada Company Profile

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.