National Bank of Canada (TSE:NA) Price Target Increased to C$121.00 by Analysts at BMO Capital Markets

National Bank of Canada (TSE:NA - Free Report) had its price target boosted by BMO Capital Markets from C$109.00 to C$121.00 in a research note released on Friday morning, BayStreet.CA reports.

A number of other equities analysts have also weighed in on NA. Royal Bank of Canada upped their target price on shares of National Bank of Canada from C$105.00 to C$109.00 and gave the stock a sector perform rating in a research note on Thursday, February 29th. Canaccord Genuity Group increased their price target on shares of National Bank of Canada from C$107.00 to C$108.00 and gave the company a hold rating in a research note on Thursday, February 29th. Desjardins lifted their price objective on shares of National Bank of Canada from C$105.00 to C$109.00 and gave the company a hold rating in a research report on Thursday, February 29th. Veritas Investment Research reaffirmed a reduce rating on shares of National Bank of Canada in a report on Thursday, February 29th. Finally, TD Securities lifted their price target on National Bank of Canada from C$100.00 to C$110.00 and gave the stock a hold rating in a report on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of C$108.00.

National Bank of Canada Stock Performance

Shares of NA stock traded up C$1.41 during mid-day trading on Friday, reaching C$112.82. The company's stock had a trading volume of 2,139,339 shares, compared to its average volume of 1,636,444. The company has a market cap of C$38.27 billion, a P/E ratio of 11.90, a PEG ratio of 17.04 and a beta of 1.11. National Bank of Canada has a 1-year low of C$84.27 and a 1-year high of C$115.14. The firm's 50-day moving average is C$107.39 and its two-hundred day moving average is C$98.16.

National Bank of Canada (TSE:NA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The financial services provider reported C$2.59 earnings per share for the quarter, topping the consensus estimate of C$2.38 by C$0.21. National Bank of Canada had a net margin of 34.22% and a return on equity of 14.73%. The firm had revenue of C$2.71 billion for the quarter, compared to analysts' expectations of C$2.72 billion. Sell-side analysts anticipate that National Bank of Canada will post 9.8467532 EPS for the current year.

National Bank of Canada Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, March 25th will be issued a dividend of $1.06 per share. This represents a $4.24 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Friday, March 22nd. National Bank of Canada's dividend payout ratio (DPR) is presently 44.63%.

Insider Activity

In other National Bank of Canada news, Director Yvon Charest purchased 331 shares of the firm's stock in a transaction on Tuesday, February 20th. The stock was acquired at an average price of C$103.19 per share, for a total transaction of C$34,155.89. 0.21% of the stock is currently owned by 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.