Desjardins Increases National Bank of Canada (NA) Price Target to C$48.00
National Bank of Canada (TSE:NA) had its target price increased by equities research analysts at Desjardins from C$46.00 to C$48.00 in a research report issued on Monday. Desjardins’ price objective suggests a potential downside of 0.68% from the company’s previous close.
A number of other brokerages have also weighed in on NA. TD Securities reaffirmed a “hold” rating and set a C$47.00 target price on shares of National Bank of Canada in a research note on Monday, September 19th. CIBC lifted their target price on shares of National Bank of Canada from C$44.00 to C$45.00 in a research note on Wednesday, August 10th. BMO Capital Markets lifted their target price on shares of National Bank of Canada from C$45.00 to C$49.00 in a research note on Thursday, September 1st. Royal Bank Of Canada boosted their price objective on shares of National Bank of Canada from C$53.00 to C$57.00 and gave the company an “outperform” rating in a report on Thursday, September 1st. Finally, CSFB boosted their price objective on shares of National Bank of Canada from C$50.00 to C$51.00 in a report on Thursday, September 1st. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. National Bank of Canada currently has an average rating of “Hold” and a consensus target price of C$49.58.
Shares of National Bank of Canada (TSE:NA) opened at 48.33 on Monday. The firm’s 50-day moving average is $46.78 and its 200 day moving average is $45.41. The firm has a market cap of $16.32 billion and a PE ratio of 13.97. National Bank of Canada has a 52 week low of $34.86 and a 52 week high of $48.50.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 1st. Shareholders of record on Monday, September 26th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 4.55%. The ex-dividend date was Thursday, September 22nd.
National Bank of Canada Company Profile
National Bank of Canada (the Bank) is an integrated provider of financial services to retail, commercial, corporate and institutional clients. The Bank offers a range of services that include banking and investment solutions, securities brokerage, insurance and wealth management. The Bank operates in three business segments: Personal and Commercial, Wealth Management and Financial Markets.
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