National Bank of Canada (TSE:NA) Receives Average Rating of "Hold" from Analysts

Key Points

• National Bank of Canada has received an average analyst rating of "Hold" from eleven ratings firms, with nine suggesting a hold and two recommending a buy.
• Analysts have set an average 1-year price target of C$143.42 for the bank's stock, with recent adjustments ranging between C$136.00 and C$154.00 by different firms.
• The bank recently announced a quarterly dividend of $1.18 per share, resulting in an annual yield of 3.2%.

National Bank of Canada (TSE:NA - Get Free Report) has been assigned an average recommendation of "Hold" from the eleven ratings firms that are currently covering the company, Marketbeat reports. Nine research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$143.42.

Several research firms have commented on NA. Royal Bank Of Canada decreased their price objective 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 research note on Thursday, August 28th. Canaccord Genuity Group increased their price target on National Bank of Canada from C$136.00 to C$138.00 and gave the company a "hold" rating in a research report on Tuesday, June 24th. CIBC boosted their price objective on 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. Scotiabank raised their target price on National Bank of Canada from C$142.00 to C$147.00 and gave the company an "outperform" rating in a research report on Thursday, August 28th. Finally, Cibc World Mkts upgraded National Bank of Canada from a "strong sell" rating to a "hold" rating in a research note on Friday, August 1st.

National Bank of Canada Price Performance

Shares of NA stock opened at C$147.83 on Wednesday. The firm has a 50-day moving average of C$147.68 and a 200-day moving average of C$134.58. National Bank of Canada has a one year low of C$106.67 and a one year high of C$155.00. The company has a market cap of C$57.97 billion, a P/E ratio of 14.56, a P/E/G ratio of 7.14 and a beta of 1.06.

National Bank of Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, November 1st. Shareholders of record on Monday, September 29th will be given a $1.18 dividend. This represents a $4.72 annualized dividend and a yield of 3.2%. National Bank of Canada's dividend payout ratio is 44.93%.

About National Bank of Canada

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.