National Bank of Canada (TSE:NA) Price Target Raised to C$158.00 at Barclays

National Bank of Canada (TSE:NA) had its price objective lifted by Barclays from C$147.00 to C$158.00 in a research note issued to investors on Monday,BayStreet.CA reports. They currently have an equal weight rating on the financial services provider’s stock.

NA has been the subject of several other research reports. Scotiabank lifted their price target on National Bank of Canada from C$150.00 to C$159.00 in a research note on Friday, October 10th. CIBC boosted their target price on National Bank of Canada from C$154.00 to C$166.00 in a research report on Wednesday, November 19th. Cibc World Mkts raised National Bank of Canada from a “strong sell” rating to a “hold” rating in a research note on Friday, August 1st. TD Securities increased their price target on shares of National Bank of Canada from C$148.00 to C$161.00 in a research report on Monday, November 10th. Finally, Jefferies Financial Group lowered their price objective on shares of National Bank of Canada from C$157.00 to C$153.00 and set a “hold” rating for the company in a report on Thursday, August 28th. Three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, National Bank of Canada presently has an average rating of “Hold” and an average price target of C$148.83.

National Bank of Canada Stock Performance

National Bank of Canada stock opened at C$163.65 on Monday. National Bank of Canada has a fifty-two week low of C$106.67 and a fifty-two week high of C$163.99. The stock has a market cap of C$64.18 billion, a P/E ratio of 16.12, a price-to-earnings-growth ratio of 7.14 and a beta of 1.08. The firm’s fifty day moving average price is C$154.51 and its 200-day moving average price is C$145.29.

National Bank of Canada Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, November 1st. Stockholders of record on Monday, September 29th were issued a $1.18 dividend. This represents a $4.72 annualized dividend and a dividend yield of 2.9%. National Bank of Canada’s dividend payout ratio is 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.