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

Key Points

• The National Bank of Canada has received an average consensus rating of "Hold" from eleven brokerages, with nine analysts rating it as a hold and two as a buy.
• The stock's average twelve-month target price is currently C$143.42, with Barclays recently raising their price objective from C$141.00 to C$147.00.
• The bank has announced a quarterly dividend of $1.18, representing an annualized dividend yield of 3.2%, with a payout ratio of 44.93%.

Shares of National Bank of Canada (TSE:NA - Get Free Report) have been assigned a consensus rating of "Hold" from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$143.42.

Several research firms have issued reports on NA. Cibc World Mkts upgraded shares of National Bank of Canada from a "strong sell" rating to a "hold" rating in a research report on Friday, August 1st. Barclays raised their price objective on National Bank of Canada from C$141.00 to C$147.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. Jefferies Financial Group cut their target price on National Bank of Canada from C$157.00 to C$153.00 and set a "hold" rating on the stock in a research report 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. Finally, CIBC lifted their price target on National Bank of Canada from C$151.00 to C$154.00 and gave the stock a "neutral" rating in a research note on Friday.

National Bank of Canada Price Performance

TSE NA opened at C$145.91 on Friday. The company's 50 day simple moving average is C$144.81 and its 200 day simple moving average is C$130.93. National Bank of Canada has a 12 month low of C$106.67 and a 12 month high of C$151.97. The company has a market capitalization of C$57.10 billion, a P/E ratio of 14.38, a PEG ratio of 7.14 and a beta of 1.06.

National Bank of Canada Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, November 1st. Stockholders of record on Monday, September 29th will be given a $1.18 dividend. This represents a $4.72 annualized dividend and a dividend yield of 3.2%. National Bank of Canada's dividend payout ratio (DPR) is currently 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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