Jefferies Financial Group Issues Positive Forecast for National Bank of Canada (TSE:NA) Stock Price

National Bank of Canada (TSE:NA) had its target price increased by Jefferies Financial Group from C$156.00 to C$165.00 in a research note released on Wednesday,BayStreet.CA reports.

A number of other analysts have also issued reports on NA. Canaccord Genuity Group lifted their price target on National Bank of Canada from C$160.00 to C$166.00 in a research note on Thursday, December 4th. TD Securities reduced their target price on shares of National Bank of Canada from C$181.00 to C$175.00 in a research note on Monday. Desjardins increased their price objective on National Bank of Canada from C$180.00 to C$182.00 and gave the stock a “buy” rating in a research report on Monday. Royal Bank Of Canada lifted their price target on shares of National Bank of Canada from C$149.00 to C$163.00 in a research report on Thursday, December 4th. Finally, Scotiabank boosted their price objective on National Bank of Canada from C$184.00 to C$188.00 in a report on Friday, January 9th. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, National Bank of Canada presently has a consensus rating of “Hold” and an average target price of C$166.92.

National Bank of Canada Price Performance

National Bank of Canada stock opened at C$173.41 on Wednesday. National Bank of Canada has a 12 month low of C$106.67 and a 12 month high of C$177.54. The stock has a market capitalization of C$67.68 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 7.14 and a beta of 1.05. The business has a 50 day simple moving average of C$170.95 and a 200-day simple moving average of C$159.06.

National Bank of Canada (TSE:NA) last released its quarterly earnings results on Wednesday, December 3rd. The financial services provider reported C$2.82 earnings per share (EPS) for the quarter. The firm had revenue of C$3.70 billion for the quarter. National Bank of Canada had a net margin of 19.69% and a return on equity of 15.43%. On average, equities research analysts anticipate that National Bank of Canada will post 10.8360791 EPS for the current fiscal year.

National Bank of Canada Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, February 1st. Investors of record on Sunday, February 1st were given a $1.24 dividend. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.18. The ex-dividend date of this dividend was Monday, December 29th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 2.9%. National Bank of Canada’s payout ratio is currently 46.08%.

About National Bank of Canada

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.