National Bank of Canada (TSE:NA) Given New C$175.00 Price Target at TD Securities

National Bank of Canada (TSE:NA) had its price target reduced by TD Securities from C$181.00 to C$175.00 in a research report report published on Monday morning,BayStreet.CA reports.

Several other brokerages have also weighed in on NA. BMO Capital Markets increased their price objective on National Bank of Canada from C$172.00 to C$177.00 in a report on Wednesday, December 17th. Raymond James Financial upped their price target on National Bank of Canada from C$168.00 to C$173.00 and gave the company a “market perform” rating in a research report on Thursday, December 4th. Canadian Imperial Bank of Commerce increased their price target on National Bank of Canada from C$174.00 to C$179.00 and gave the stock a “neutral” rating in a research note on Thursday, December 11th. Barclays boosted their price objective on National Bank of Canada from C$147.00 to C$158.00 and gave the company an “equal weight” rating in a research note on Monday, November 24th. Finally, Desjardins upped their price objective on shares of National Bank of Canada from C$180.00 to C$182.00 and gave the company a “buy” rating in a report on Monday. Three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of C$165.83.

National Bank of Canada Stock Performance

NA opened at C$172.26 on Monday. National Bank of Canada has a fifty-two week low of C$106.67 and a fifty-two week high of C$177.54. The firm has a 50-day moving average of C$170.81 and a 200 day moving average of C$158.76. The firm has a market cap of C$67.23 billion, a P/E ratio of 17.11, a PEG ratio of 7.14 and a beta of 1.05.

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

National Bank of Canada Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, February 1st. Shareholders of record on Sunday, February 1st were paid a $1.24 dividend. The ex-dividend date was Monday, December 29th. This represents a $4.96 annualized dividend and a yield of 2.9%. This is an increase from National Bank of Canada’s previous quarterly dividend of $1.18. National Bank of Canada’s dividend payout ratio is 46.08%.

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.