National Bank of Canada (TSE:NA) Given New C$180.00 Price Target at Royal Bank Of Canada

National Bank of Canada (TSE:NA) had its price objective reduced by Royal Bank Of Canada from C$193.00 to C$180.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. They currently have a sector perform rating on the financial services provider’s stock.

Other equities analysts have also recently issued research reports about the company. TD Securities boosted their price target on National Bank of Canada from C$175.00 to C$182.00 in a research report on Thursday, February 26th. Jefferies Financial Group lifted their target price on National Bank of Canada from C$165.00 to C$172.00 in a research note on Thursday, February 26th. Desjardins boosted their target price on National Bank of Canada from C$182.00 to C$200.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Canaccord Genuity Group cut their price target on National Bank of Canada from C$191.00 to C$190.00 and set a “hold” rating for the company in a research note on Monday, March 9th. Finally, Scotiabank increased their price target on National Bank of Canada from C$188.00 to C$202.00 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$190.27.

National Bank of Canada Price Performance

Shares of TSE:NA opened at C$181.23 on Wednesday. The stock has a market cap of C$70.16 billion, a P/E ratio of 17.48, a P/E/G ratio of 7.14 and a beta of 1.32. The firm has a fifty day moving average price of C$176.05 and a 200 day moving average price of C$166.46. National Bank of Canada has a 1-year low of C$106.67 and a 1-year high of C$193.71.

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

National Bank of Canada Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Friday, May 1st will be given a $1.24 dividend. The ex-dividend date is Monday, March 30th. This represents a $4.96 dividend on an annualized basis and a yield of 2.7%. National Bank of Canada’s dividend payout ratio (DPR) is presently 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.