National Bank of Canada (TSE:NA) Given New C$177.00 Price Target at BMO Capital Markets

National Bank of Canada (TSE:NA) had its price objective upped by BMO Capital Markets from C$172.00 to C$177.00 in a research note released on Wednesday,BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the company. Royal Bank Of Canada raised their price target on National Bank of Canada from C$149.00 to C$163.00 in a report on Thursday, December 4th. Desjardins raised their target price on shares of National Bank of Canada from C$167.00 to C$175.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Jefferies Financial Group lowered their price target on shares of National Bank of Canada from C$153.00 to C$152.00 and set a “hold” rating for the company in a research report on Tuesday, November 25th. Barclays increased their price objective on shares of National Bank of Canada from C$147.00 to C$158.00 and gave the company an “equal weight” rating in a report on Monday, November 24th. Finally, Scotiabank raised their price objective on shares of National Bank of Canada from C$166.00 to C$184.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. Three equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, National Bank of Canada has a consensus rating of “Hold” and an average target price of C$165.42.

National Bank of Canada Price Performance

NA stock opened at C$172.32 on Wednesday. The company has a 50 day moving average price of C$161.43 and a 200 day moving average price of C$150.15. National Bank of Canada has a fifty-two week low of C$106.67 and a fifty-two week high of C$175.99. The stock has a market capitalization of C$67.58 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 7.14 and a beta of 1.13.

National Bank of Canada (TSE:NA) last announced its quarterly earnings data on Wednesday, December 3rd. The financial services provider reported C$2.82 EPS for the quarter. The firm had revenue of C$3.70 billion for the quarter. National Bank of Canada had a return on equity of 15.43% and a net margin of 19.69%. As a group, equities analysts expect that National Bank of Canada will post 10.8360791 earnings per share for the current fiscal year.

National Bank of Canada Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, February 1st. Stockholders of record on Sunday, February 1st will be given a dividend of $1.24 per share. This is a positive change from National Bank of Canada’s previous quarterly dividend of $1.18. This represents a $4.96 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, December 29th. National Bank of Canada’s payout ratio is 46.08%.

About National Bank of Canada

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.