Jefferies Financial Group Raises National Bank of Canada (TSE:NA) Price Target to C$157.00

Key Points

• Jefferies Financial Group has increased the price target for National Bank of Canada stock from C$139.00 to C$157.00, suggesting a potential upside of 5.34% from its current price.
• Other analysts have varied ratings for the stock, with a consensus rating of "Hold" and a price target of C$139.45, indicating mixed sentiment in the market.
• Shares of National Bank of Canada rose by 0.6% on Wednesday, trading at C$149.04, while its market capitalization stands at C$58.11 billion.

National Bank of Canada (TSE:NA - Free Report) had its price target upped by Jefferies Financial Group from C$139.00 to C$157.00 in a research note published on Wednesday,BayStreet.CA reports.

Other equities research analysts also recently issued research reports about the company. Canaccord Genuity Group upped their target price on National Bank of Canada from C$136.00 to C$138.00 and gave the stock a "hold" rating in a research report on Tuesday, June 24th. CIBC boosted their price target on National Bank of Canada from C$125.00 to C$127.00 and gave the stock an "underperform" rating in a research report on Thursday, June 5th. Cibc World Mkts raised shares of National Bank of Canada from a "strong sell" rating to a "hold" rating in a research report on Friday, August 1st. Royal Bank Of Canada lifted their price objective on shares of National Bank of Canada from C$148.00 to C$152.00 and gave the company a "sector perform" rating in a research note on Monday, June 9th. Finally, Scotiabank upgraded shares of National Bank of Canada to a "strong-buy" rating in a research note on Thursday, May 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of C$140.08.

National Bank of Canada Stock Performance

Shares of TSE:NA traded up C$0.12 during midday trading on Wednesday, hitting C$150.63. 440,607 shares of the company's stock traded hands, compared to its average volume of 1,825,037. The firm's fifty day moving average price is C$141.71 and its two-hundred day moving average price is C$128.92. National Bank of Canada has a twelve month low of C$106.67 and a twelve month high of C$151.40. The company has a market cap of C$58.73 billion, a PE ratio of 13.36, a P/E/G ratio of 7.14 and a beta of 1.12.

National Bank of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Friday, August 1st were issued a dividend of $1.18 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $4.72 annualized dividend and a yield of 3.1%. This is an increase from National Bank of Canada's previous quarterly dividend of $1.14. National Bank of Canada's dividend payout ratio (DPR) is 39.03%.

Insiders Place Their Bets

In related news, Director Yvon Charest bought 362 shares of the company's stock in a transaction dated Tuesday, May 20th. The stock was bought at an average price of C$127.93 per share, with a total value of C$46,310.66. 0.21% of the stock is currently owned by corporate insiders.

National Bank of Canada Company Profile

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.