National Bank of Canada (TSE:NA) Price Target Increased to C$125.00 by Analysts at BMO Capital Markets

National Bank of Canada (TSE:NA) had its price target upped by BMO Capital Markets from C$115.00 to C$125.00 in a research report report published on Thursday, BayStreet.CA reports.

NA has been the subject of several other research reports. TD Securities increased their target price on National Bank of Canada from C$123.00 to C$129.00 in a research report on Thursday. Canaccord Genuity Group increased their price objective on shares of National Bank of Canada from C$113.00 to C$123.00 in a report on Thursday. CIBC boosted their target price on shares of National Bank of Canada from C$122.00 to C$134.00 in a report on Thursday. UBS Group set a C$123.00 target price on shares of National Bank of Canada and gave the company a buy rating in a research note on Tuesday, July 2nd. Finally, Cormark boosted their price target on shares of National Bank of Canada from C$122.00 to C$128.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, National Bank of Canada presently has a consensus rating of Hold and an average price target of C$121.33.

National Bank of Canada Price Performance

NA opened at C$124.00 on Thursday. The company has a 50 day simple moving average of C$113.37 and a two-hundred day simple moving average of C$112.06. The firm has a market cap of C$43.27 billion, a P/E ratio of 12.78, a PEG ratio of 17.04 and a beta of 1.13. National Bank of Canada has a 1-year low of C$84.27 and a 1-year high of C$127.22.

National Bank of Canada (TSE:NA) last released its earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share for the quarter, beating analysts’ consensus estimates of C$2.50 by C$0.18. National Bank of Canada had a net margin of 34.10% and a return on equity of 14.72%. The company had revenue of C$2.98 billion for the quarter, compared to analysts’ expectations of C$2.95 billion. Equities analysts anticipate that National Bank of Canada will post 10.5085049 earnings per share for the current year.

National Bank of Canada Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Monday, September 30th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $4.40 annualized dividend and a yield of 3.55%. National Bank of Canada’s payout ratio is currently 45.36%.

Insider Activity

In other news, Senior Officer Lucie Blanchet sold 8,800 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of C$107.59, for a total transaction of C$946,792.00. In other National Bank of Canada news, Director Yvon Charest purchased 325 shares of National Bank of Canada stock in a transaction dated Monday, August 19th. The shares were purchased at an average cost of C$117.24 per share, for a total transaction of C$38,103.00. Also, Senior Officer Lucie Blanchet sold 8,800 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of C$107.59, for a total value of C$946,792.00. Corporate insiders own 0.21% of the company’s stock.

About National Bank of Canada

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.