National Bank of Canada (TSE:NA) Price Target Lowered to C$105.00 at Scotiabank

National Bank of Canada (TSE:NA) had its price target decreased by Scotiabank from C$107.00 to C$105.00 in a research report report published on Thursday morning, BayStreet.CA reports. Scotiabank currently has an outperform rating on the financial services provider’s stock.

A number of other brokerages have also recently issued reports on NA. Barclays raised their target price on shares of National Bank of Canada from C$93.00 to C$96.00 and gave the stock an underweight rating in a report on Monday, August 21st. CIBC cut their target price on shares of National Bank of Canada from C$108.00 to C$106.00 and set an outperform rating on the stock in a report on Tuesday, August 22nd. Cormark cut their target price on shares of National Bank of Canada from C$113.00 to C$109.00 in a report on Thursday, June 1st. CSFB cut their target price on shares of National Bank of Canada from C$116.00 to C$111.00 in a report on Thursday, June 1st. Finally, Canaccord Genuity Group raised their target price on shares of National Bank of Canada from C$102.00 to C$105.00 and gave the stock a hold rating in a report on Monday, July 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of C$104.96.

National Bank of Canada Stock Performance

TSE:NA opened at C$94.17 on Thursday. The company has a market capitalization of C$31.82 billion, a price-to-earnings ratio of 10.11, a price-to-earnings-growth ratio of 17.04 and a beta of 1.10. National Bank of Canada has a one year low of C$82.16 and a one year high of C$104.83. The stock has a 50-day simple moving average of C$100.04 and a 200 day simple moving average of C$99.30.

National Bank of Canada (TSE:NA) last posted its quarterly earnings results on Wednesday, May 31st. The financial services provider reported C$2.38 EPS for the quarter, missing analysts’ consensus estimates of C$2.40 by C($0.02). The firm had revenue of C$2.48 billion during the quarter. National Bank of Canada had a return on equity of 15.30% and a net margin of 34.69%. On average, equities research analysts forecast that National Bank of Canada will post 10.0772317 EPS for the current fiscal year.

National Bank of Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Monday, September 25th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, September 22nd. This represents a $4.08 dividend on an annualized basis and a dividend yield of 4.33%. National Bank of Canada’s dividend payout ratio is presently 43.82%.

About National Bank of Canada

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International.