National Bank of Canada (TSE:NA) Given Consensus Recommendation of “Hold” by Brokerages

Shares of National Bank of Canada (TSE:NA) have been assigned a consensus rating of “Hold” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$191.45.

A number of research firms recently commented on NA. National Bank Financial boosted their price target on National Bank of Canada from C$183.00 to C$196.00 in a report on Thursday, March 5th. Barclays raised 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 research note on Thursday, February 26th. TD Securities boosted their price target on shares of National Bank of Canada from C$175.00 to C$182.00 in a research note on Thursday, February 26th. Canaccord Genuity Group cut their price objective on National Bank of Canada from C$191.00 to C$190.00 and set a “hold” rating for the company in a research report on Monday, March 9th. Finally, Desjardins lifted their target price on National Bank of Canada from C$182.00 to C$200.00 and gave the stock a “buy” rating in a report on Thursday, February 26th.

National Bank of Canada Trading Up 0.2%

Shares of NA stock opened at C$179.48 on Wednesday. National Bank of Canada has a 12 month low of C$106.67 and a 12 month high of C$193.71. The stock has a market cap of C$69.48 billion, a P/E ratio of 17.31, a P/E/G ratio of 7.14 and a beta of 1.32. The company has a 50 day simple moving average of C$175.83 and a two-hundred day simple moving average of C$166.36.

National Bank of Canada (TSE:NA) last issued its quarterly earnings data on Wednesday, February 25th. The financial services provider reported C$3.25 earnings per share (EPS) for the quarter. National Bank of Canada had a net margin of 15.85% and a return on equity of 12.83%. The firm had revenue of C$3.89 billion during the quarter. As a group, equities analysts forecast that National Bank of Canada will post 10.8360791 earnings per share for the current year.

National Bank of Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, May 1st will be given a dividend of $1.24 per share. The ex-dividend date is Monday, March 30th. This represents a $4.96 dividend on an annualized basis and a yield of 2.8%. National Bank of Canada’s dividend payout ratio is 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.