National Bank of Canada (TSE:NA) Receives C$108.00 Consensus Target Price from Brokerages

Shares of National Bank of Canada (TSE:NA - Get Free Report) have received an average rating of "Hold" from the thirteen analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$108.00.

A number of research analysts have issued reports on NA shares. Scotiabank boosted their target price on National Bank of Canada from C$107.00 to C$109.00 and gave the company a "sector perform" rating in a research note on Thursday, February 29th. Desjardins upped their price objective on National Bank of Canada from C$105.00 to C$109.00 and gave the stock a "hold" rating in a research report on Thursday, February 29th. BMO Capital Markets upped their price objective on National Bank of Canada from C$109.00 to C$121.00 in a research report on Friday, April 5th. CIBC reduced their price objective on National Bank of Canada from C$110.00 to C$109.00 and set an "outperform" rating for the company in a research report on Friday, March 8th. Finally, Royal Bank of Canada increased their price target on National Bank of Canada from C$105.00 to C$109.00 and gave the company a "sector perform" rating in a research report on Thursday, February 29th.

National Bank of Canada Price Performance

Shares of NA stock traded up C$0.22 on Wednesday, reaching C$111.80. 6,750,716 shares of the stock were exchanged, compared to its average volume of 1,751,673. The stock has a market cap of C$37.92 billion, a PE ratio of 11.77, a P/E/G ratio of 17.04 and a beta of 1.11. National Bank of Canada has a one year low of C$84.27 and a one year high of C$115.14. The stock has a 50 day moving average price of C$109.97 and a 200 day moving average price of C$100.26.

National Bank of Canada (TSE:NA - Get Free Report) last released its quarterly earnings data on Wednesday, February 28th. The financial services provider reported C$2.59 EPS for the quarter, beating analysts' consensus estimates of C$2.38 by C$0.21. The business had revenue of C$2.71 billion during the quarter, compared to the consensus estimate of C$2.72 billion. National Bank of Canada had a return on equity of 14.73% and a net margin of 34.22%. On average, research analysts expect that National Bank of Canada will post 9.8532751 earnings per share for the current fiscal year.

National Bank of Canada Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, March 25th will be paid a dividend of $1.06 per share. The ex-dividend date of this dividend is Friday, March 22nd. This represents a $4.24 dividend on an annualized basis and a dividend yield of 3.79%. National Bank of Canada's dividend payout ratio (DPR) is currently 44.63%.

Insider Buying and Selling

In related news, Director Yvon Charest purchased 331 shares of National Bank of Canada stock in a transaction that occurred on Tuesday, February 20th. The shares were acquired at an average price of C$103.19 per share, with a total value of C$34,155.89. 0.20% of the stock is currently owned by company 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.