National Bank of Canada (TSE:NA) Given New C$182.00 Price Target at Desjardins

National Bank of Canada (TSE:NA) had its target price lifted by Desjardins from C$180.00 to C$182.00 in a report released on Monday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the financial services provider’s stock.

Other equities research analysts have also recently issued reports about the stock. Canaccord Genuity Group raised their target price on shares of National Bank of Canada from C$160.00 to C$166.00 in a research report on Thursday, December 4th. Scotiabank increased their price target on shares of National Bank of Canada from C$184.00 to C$188.00 in a research note on Friday, January 9th. Barclays raised their price objective on shares of National Bank of Canada from C$147.00 to C$158.00 and gave the stock an “equal weight” rating in a report on Monday, November 24th. BMO Capital Markets upped their target price on National Bank of Canada from C$172.00 to C$177.00 in a report on Wednesday, December 17th. Finally, Raymond James Financial increased their target price on National Bank of Canada from C$168.00 to C$173.00 and gave the stock a “market perform” rating in a research report on Thursday, December 4th. Three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$165.83.

National Bank of Canada Stock Performance

NA opened at C$172.26 on Monday. The stock has a market capitalization of C$67.23 billion, a PE ratio of 17.11, a price-to-earnings-growth ratio of 7.14 and a beta of 1.05. The stock’s 50 day moving average price is C$170.81 and its 200-day moving average price is C$158.76. National Bank of Canada has a 52-week low of C$106.67 and a 52-week high of C$177.54.

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

National Bank of Canada Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, February 1st. Shareholders of record on Sunday, February 1st were paid 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 was Monday, December 29th. National Bank of Canada’s 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.