National Bank of Canada (TSE:NA) Given New C$180.00 Price Target at Canaccord Genuity Group

National Bank of Canada (TSE:NA) had its price objective lifted by Canaccord Genuity Group from C$170.00 to C$180.00 in a research report report published on Thursday,BayStreet.CA reports. Canaccord Genuity Group currently has a hold rating on the financial services provider’s stock.

NA has been the subject of several other research reports. Jefferies Financial Group lifted their price objective on National Bank of Canada from C$156.00 to C$165.00 in a research report on Wednesday. BMO Capital Markets raised their target price on National Bank of Canada from C$172.00 to C$177.00 in a research note on Wednesday, December 17th. Scotiabank lifted their price target on National Bank of Canada from C$184.00 to C$188.00 in a report on Friday, January 9th. Canadian Imperial Bank of Commerce upped their price target on shares of National Bank of Canada from C$174.00 to C$179.00 and gave the stock a “neutral” rating in a research report on Thursday, December 11th. Finally, TD Securities decreased their price objective on shares of National Bank of Canada from C$181.00 to C$175.00 in a report on Monday. Three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, National Bank of Canada presently has a consensus rating of “Hold” and a consensus price target of C$168.08.

National Bank of Canada Stock Down 0.7%

TSE:NA opened at C$172.25 on Thursday. The firm has a market cap 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. National Bank of Canada has a 12 month low of C$106.67 and a 12 month high of C$177.54. The company’s 50-day moving average price is C$170.95 and its two-hundred day moving average price is C$159.15.

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

National Bank of Canada Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, February 1st. Stockholders of record on Sunday, February 1st were given a $1.24 dividend. The ex-dividend date was Monday, December 29th. This represents a $4.96 annualized dividend and a dividend 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%.

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.