National Bank of Canada (TSE:NA) Price Target Raised to C$196.00

National Bank of Canada (TSE:NA) had its target price increased by National Bank Financial from C$183.00 to C$196.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports.

A number of other brokerages have also recently issued reports on NA. Barclays boosted their target price on shares of National Bank of Canada from C$177.00 to C$183.00 and gave the company an “equal weight” rating in a report on Thursday, February 26th. Raymond James Financial lifted their price target on National Bank of Canada from C$179.00 to C$200.00 and gave the company a “market perform” rating in a research report on Thursday, February 26th. Scotiabank boosted their price objective on National Bank of Canada from C$188.00 to C$202.00 and gave the company an “outperform” rating in a research note on Thursday, February 26th. Canadian Imperial Bank of Commerce increased their price objective on National Bank of Canada from C$189.00 to C$193.00 in a report on Thursday, February 26th. Finally, TD Securities raised their target price on National Bank of Canada from C$175.00 to C$182.00 in a research note on Thursday, February 26th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$191.55.

National Bank of Canada Stock Performance

NA stock opened at C$186.26 on Thursday. The stock has a fifty day moving average of C$173.95 and a 200-day moving average of C$163.34. National Bank of Canada has a fifty-two week low of C$106.67 and a fifty-two week high of C$193.71. The company has a market capitalization of C$72.13 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 7.14 and a beta of 1.32.

National Bank of Canada (TSE:NA) last announced its quarterly earnings results on Wednesday, February 25th. The financial services provider reported C$3.25 EPS for the quarter. The company had revenue of C$3.89 billion for the quarter. National Bank of Canada had a net margin of 15.85% and a return on equity of 12.83%. Equities analysts predict that National Bank of Canada will post 10.8360791 EPS for the current year.

National Bank of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, February 1st. Investors of record on Sunday, February 1st were given a $1.24 dividend. This represents a $4.96 annualized dividend and a dividend yield of 2.7%. This is a positive change from National Bank of Canada’s previous quarterly dividend of $1.18. The ex-dividend date was Monday, December 29th. National Bank of Canada’s dividend payout ratio (DPR) is currently 45.71%.

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.