National Bank of Canada (TSE:NA) Upgraded at Desjardins

Desjardins upgraded shares of National Bank of Canada (TSE:NA) from a hold rating to a moderate buy rating in a research note issued to investors on Tuesday,Zacks.com reports. Desjardins also issued estimates for National Bank of Canada’s FY2027 earnings at $13.00 EPS.

A number of other brokerages have also issued reports on NA. Jefferies Financial Group reduced their target price on National Bank of Canada from C$157.00 to C$153.00 and set a “hold” rating for the company in a research note on Thursday, August 28th. Cibc World Mkts raised National Bank of Canada from a “strong sell” rating to a “hold” rating in a report on Friday, August 1st. Royal Bank Of Canada decreased their target price on National Bank of Canada from C$152.00 to C$148.00 and set a “sector perform” rating for the company in a report on Thursday, August 28th. Scotiabank increased their price target on shares of National Bank of Canada from C$150.00 to C$159.00 in a report on Friday, October 10th. Finally, TD Securities raised their price target on shares of National Bank of Canada from C$148.00 to C$161.00 in a research report on Monday. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, National Bank of Canada presently has a consensus rating of “Hold” and a consensus price target of C$146.92.

National Bank of Canada Trading Down 0.6%

TSE NA opened at C$162.09 on Tuesday. National Bank of Canada has a 12-month low of C$106.67 and a 12-month high of C$163.44. The company has a fifty day simple moving average of C$152.55 and a two-hundred day simple moving average of C$143.01. The stock has a market cap of C$63.57 billion, a P/E ratio of 15.97, a P/E/G ratio of 7.14 and a beta of 1.08.

National Bank of Canada Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, November 1st. Investors of record on Monday, September 29th were given a dividend of $1.18 per share. This represents a $4.72 annualized dividend and a yield of 2.9%. National Bank of Canada’s dividend payout ratio is currently 44.93%.

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.