Canaccord Genuity Boosts National Bank of Canada (NA) Price Target to C$53.00
National Bank of Canada (TSE:NA) had its target price increased by analysts at Canaccord Genuity from C$51.00 to C$53.00 in a research report issued on Tuesday. Canaccord Genuity’s price objective suggests a potential upside of 6.85% from the stock’s previous close.
NA has been the topic of several other research reports. Dundee Securities reissued a “neutral” rating and set a C$51.00 target price on shares of National Bank of Canada in a research report on Wednesday, September 21st. Barclays PLC raised their target price on National Bank of Canada from C$47.00 to C$48.00 in a research report on Monday. TD Securities raised their target price on National Bank of Canada from C$47.00 to C$48.00 and gave the stock a “hold” rating in a research report on Friday, October 28th. Scotiabank raised 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 research report on Tuesday, September 20th. Finally, Desjardins raised their target price on National Bank of Canada from C$46.00 to C$48.00 in a research report on Monday, November 14th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. National Bank of Canada presently has a consensus rating of “Hold” and a consensus price target of C$50.58.
Shares of National Bank of Canada (TSE:NA) traded down 0.192% on Tuesday, hitting $49.505. The stock had a trading volume of 836,967 shares. The firm has a 50 day moving average of $47.06 and a 200 day moving average of $45.59. National Bank of Canada has a 12 month low of $34.86 and a 12 month high of $50.00. The stock has a market cap of $16.72 billion and a P/E ratio of 14.312.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 1st. Stockholders of record on Monday, September 26th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 4.44%. 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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