National Bank of Canada (TSE:NA) Receives C$198.83 Consensus Target Price from Analysts

National Bank of Canada (TSE:NA) has earned a consensus rating of “Hold” from the eleven research firms that are covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$198.83.

Several research firms recently commented on NA. Jefferies Financial Group increased their target price on shares of National Bank of Canada from C$172.00 to C$188.00 in a report on Wednesday, May 20th. Canadian Imperial Bank of Commerce increased their target price on shares of National Bank of Canada from C$209.00 to C$221.00 and gave the company a “neutral” rating in a report on Thursday, May 28th. TD Securities increased their target price on shares of National Bank of Canada from C$175.00 to C$182.00 in a report on Thursday, February 26th. Canaccord Genuity Group lifted their price target on National Bank of Canada from C$204.00 to C$205.00 and gave the stock a “hold” rating in a research note on Friday, June 5th. Finally, National Bank Financial lifted their price target on National Bank of Canada from C$183.00 to C$196.00 in a research note on Thursday, March 5th.

National Bank of Canada Price Performance

Shares of TSE:NA opened at C$209.80 on Monday. National Bank of Canada has a one year low of C$134.18 and a one year high of C$214.78. The company’s fifty day moving average price is C$202.49 and its 200-day moving average price is C$184.56. The firm has a market capitalization of C$80.80 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 7.14 and a beta of 1.40.

National Bank of Canada (TSE:NA) last released its earnings results on Wednesday, May 27th. The financial services provider reported C$3.23 EPS for the quarter. National Bank of Canada had a net margin of 16.87% and a return on equity of 13.77%. The company had revenue of C$3.91 billion for the quarter. As a group, equities research analysts expect that National Bank of Canada will post 10.8360791 EPS for the current year.

National Bank of Canada Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, May 1st were paid a $1.24 dividend. This represents a $4.96 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, March 30th. National Bank of Canada’s payout ratio is 42.83%.

National Bank of Canada Company Profile

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.