National Bank of Canada (NA) PT Raised to C$48.00
National Bank of Canada (TSE:NA) had its target price boosted by research analysts at Barclays PLC from C$47.00 to C$48.00 in a report issued on Monday. Barclays PLC’s price target would suggest a potential downside of 2.60% from the company’s previous close.
Several other brokerages also recently commented on NA. Desjardins boosted their target price on National Bank of Canada from C$44.00 to C$45.00 and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Scotiabank boosted their target price on National Bank of Canada from C$50.00 to C$51.00 and gave the stock an “outperform” rating in a report on Tuesday, September 20th. TD Securities reissued a “hold” rating and issued a C$47.00 target price on shares of National Bank of Canada in a report on Monday, September 19th. BMO Capital Markets increased their price target on National Bank of Canada from C$45.00 to C$49.00 in a research note on Thursday, September 1st. Finally, CIBC increased their price target on National Bank of Canada from C$44.00 to C$45.00 in a research note on Wednesday, August 10th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of C$49.83.
Shares of National Bank of Canada (TSE:NA) traded up 0.99% during trading on Monday, hitting $49.77. The stock had a trading volume of 1,007,231 shares. The stock has a market capitalization of $16.81 billion and a price-to-earnings ratio of 14.39. National Bank of Canada has a 52 week low of $34.86 and a 52 week high of $49.90. The stock’s 50 day moving average is $46.90 and its 200 day moving average is $45.46.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 1st. Investors of record on Monday, September 26th were paid a $0.55 dividend. The ex-dividend date of this dividend was Thursday, September 22nd. This represents a $2.20 annualized dividend and a yield of 4.46%.
About National Bank of Canada
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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