National Bank of Canada (TSE:NA) had its price target upped by Canaccord Genuity from C$60.00 to C$62.00 in a report issued on Thursday.

A number of other research analysts have also recently commented on NA. Barclays PLC upgraded shares of National Bank of Canada from an equal weight rating to an overweight rating in a research report on Tuesday, May 23rd. Eight Capital increased their price target on shares of National Bank of Canada from C$60.00 to C$62.00 in a research report on Thursday, June 1st. Scotiabank increased their price target on shares of National Bank of Canada from C$60.00 to C$61.00 and gave the company an outperform rating in a research report on Monday, August 21st. TD Securities increased their price target on shares of National Bank of Canada from C$60.00 to C$61.00 and gave the company a hold rating in a research report on Thursday. Finally, Royal Bank Of Canada increased their price target on shares of National Bank of Canada from C$62.00 to C$65.00 and gave the company an outperform rating in a research report on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. National Bank of Canada has a consensus rating of Hold and a consensus price target of C$60.75.

National Bank of Canada (TSE NA) traded up 0.31% during midday trading on Thursday, hitting $57.66. 234,161 shares of the stock were exchanged. The company has a market capitalization of $19.69 billion and a P/E ratio of 12.21. National Bank of Canada has a 1-year low of $45.11 and a 1-year high of $59.12. The company’s 50 day moving average is $55.95 and its 200 day moving average is $55.37.

National Bank of Canada (TSE:NA) last issued its quarterly earnings results on Wednesday, May 31st. The financial services provider reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.03. National Bank of Canada had a net margin of 30.31% and a return on equity of 17.47%. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Analysts predict that National Bank of Canada will post $5.42 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Monday, September 25th will be paid a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.04%.

In related news, Director AndrĂ©e Savoie acquired 650 shares of the company’s stock in a transaction dated Monday, June 5th. The stock was purchased at an average price of C$53.67 per share, with a total value of C$34,885.50.

About National Bank of Canada

Analyst Recommendations for National Bank of Canada (TSE:NA)

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