National Bank of Canada (TSE:NA) Given Average Recommendation of "Hold" by Brokerages

Key Points

• The National Bank of Canada has received a consensus recommendation of "Hold" from eleven rating firms, with nine analysts issuing hold ratings and two rating it as a buy.
• The bank recently announced a quarterly dividend of $1.18 per share, representing an annualized yield of 3.1%.
• Currently, the stock is trading at C$154.46, with a one-year range between a low of C$106.67 and a high of C$155.00.

Shares of National Bank of Canada (TSE:NA - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$144.42.

A number of brokerages have issued reports on NA. CIBC lifted their target price on shares of National Bank of Canada from C$151.00 to C$154.00 and gave the stock a "neutral" rating in a research report on Friday, September 5th. Royal Bank Of Canada lowered their price target on shares of National Bank of Canada from C$152.00 to C$148.00 and set a "sector perform" rating for the company in a report on Thursday, August 28th. Desjardins lowered their price target on shares of National Bank of Canada from C$150.00 to C$149.00 and set a "hold" rating for the company in a report on Thursday, August 28th. Barclays lifted their price target on shares of National Bank of Canada from C$141.00 to C$147.00 and gave the stock an "equal weight" rating in a report on Thursday, August 14th. Finally, Cibc World Mkts upgraded shares of National Bank of Canada from a "strong sell" rating to a "hold" rating in a report on Friday, August 1st.

National Bank of Canada Stock Performance

NA stock opened at C$154.46 on Friday. National Bank of Canada has a one year low of C$106.67 and a one year high of C$155.00. The stock has a market capitalization of C$60.57 billion, a PE ratio of 15.22, a price-to-earnings-growth ratio of 7.14 and a beta of 1.10. The company has a fifty day moving average of C$149.62 and a 200-day moving average of C$138.85.

National Bank of Canada Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, November 1st. Investors of record on Monday, September 29th will be issued a $1.18 dividend. This represents a $4.72 dividend on an annualized basis and a yield of 3.1%. National Bank of Canada's payout ratio is 44.93%.

National Bank of Canada Company Profile

National Bank of Canada is the sixth-largest Canadian bank. The bank offers integrated financial services, primarily in the province of Quebec as well as the city of Toronto. Operational segments include personal and commercial banking, wealth management, and a financial markets group.

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