National Bank of Canada (TSE:NA) had its price target hoisted by investment analysts at Scotiabank from C$50.00 to C$51.00 in a research note issued on Tuesday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 7.23% from the stock’s previous close.

A number of other brokerages also recently weighed in on NA. CIBC increased their price target on National Bank of Canada from C$45.00 to C$47.00 in a report on Thursday, September 1st. Royal Bank Of Canada increased their price target on National Bank of Canada from C$53.00 to C$57.00 and gave the stock an “outperform” rating in a report on Thursday, September 1st. TD Securities increased their price target on National Bank of Canada from C$43.00 to C$47.00 and gave the stock a “hold” rating in a report on Thursday, September 1st. CSFB increased their price target on National Bank of Canada from C$50.00 to C$51.00 in a report on Thursday, September 1st. Finally, Canaccord Genuity reiterated a “buy” rating on shares of National Bank of Canada in a report on Wednesday, June 8th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of C$49.33.

Shares of National Bank of Canada (TSE:NA) opened at 47.56 on Tuesday. The company has a market capitalization of $16.06 billion and a price-to-earnings ratio of 13.75. The stock has a 50 day moving average price of $46.52 and a 200-day moving average price of $44.41. National Bank of Canada has a one year low of $34.86 and a one year high of $47.98.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 1st. Investors of record on Monday, September 26th will be given a $0.55 dividend. The ex-dividend date is Thursday, September 22nd. This represents a $2.20 annualized dividend and a yield of 4.63%.

About National Bank of Canada

National Bank of Canada (the Bank) is an integrated provider of financial services to retail, commercial, corporate and institutional clients. The Bank offers a range of services that include banking and investment solutions, securities brokerage, insurance and wealth management. The Bank operates in three business segments: Personal and Commercial, Wealth Management and Financial Markets.

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