National Bank of Canada (NA) Rating Reiterated by TD Securities
National Bank of Canada (TSE:NA)‘s stock had its “hold” rating reissued by investment analysts at TD Securities in a research report issued to clients and investors on Monday. They presently have a C$47.00 price objective on the stock. TD Securities’ price target would suggest a potential downside of 1.36% from the company’s previous close.
A number of other equities research analysts have also issued reports on NA. Barclays PLC lifted their target price on National Bank of Canada to C$41.00 and gave the company an “equal weight” rating in a research report on Thursday, June 2nd. Royal Bank Of Canada raised National Bank of Canada from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$51.00 to C$53.00 in a research report on Thursday, June 2nd. Scotiabank raised National Bank of Canada from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$47.00 to C$48.00 in a research report on Thursday, June 2nd. Canaccord Genuity reissued a “buy” rating on shares of National Bank of Canada in a research report on Wednesday, June 8th. Finally, Desjardins lifted their target price on National Bank of Canada from C$44.00 to C$45.00 and gave the company a “hold” rating in a research report on Wednesday, August 3rd. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of C$49.18.
Shares of National Bank of Canada (TSE:NA) opened at 47.65 on Monday. The stock has a 50 day moving average price of $46.42 and a 200 day moving average price of $44.39. National Bank of Canada has a 52-week low of $34.86 and a 52-week high of $47.98. The company has a market capitalization of $16.09 billion and a PE ratio of 13.78.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Monday, September 26th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a $2.20 annualized dividend and a dividend yield of 4.62%.
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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