National Bank of Canada (NA) Price Target Increased to C$61.00 by Analysts at TD Securities
National Bank of Canada (TSE:NA) had its target price raised by TD Securities from C$60.00 to C$61.00 in a research report report published on Thursday. TD Securities currently has a hold rating on the financial services provider’s stock.
Several other analysts have also weighed in on NA. Scotiabank lifted their target price on shares of National Bank of Canada from C$61.00 to C$65.00 and gave the company an outperform rating in a research report on Thursday. Eight Capital lifted their target price on shares of National Bank of Canada from C$60.00 to C$62.00 in a research report on Thursday, June 1st. Finally, Barclays PLC upgraded shares of National Bank of Canada from an equal weight rating to an overweight rating in a research report on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. National Bank of Canada presently has an average rating of Hold and a consensus price target of C$60.75.
Shares of National Bank of Canada (NA) traded up 0.35% during trading on Thursday, reaching $57.68. 233,961 shares of the company’s stock were exchanged. National Bank of Canada has a 52-week low of $45.11 and a 52-week high of $59.12. The company has a market capitalization of $19.70 billion and a PE ratio of 12.22. The company has a 50 day moving average price of $55.95 and a 200-day moving average price of $55.37.
National Bank of Canada (TSE:NA) last issued its earnings results on Wednesday, May 31st. The financial services provider reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.03. National Bank of Canada had a net margin of 30.31% and a return on equity of 17.47%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.54 billion. On average, equities analysts forecast that National Bank of Canada will post $5.42 earnings per share for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Monday, September 25th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 4.04%.
In other news, Director Andrée Savoie purchased 650 shares of National Bank of Canada stock in a transaction on Monday, June 5th. The shares were purchased at an average cost of C$53.67 per share, for a total transaction of C$34,885.50.
About National Bank of Canada
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