Royal Bank of Canada Boosts National Bank of Canada (TSE:NA) Price Target to C$75.00

National Bank of Canada (TSE:NA) had its target price lifted by Royal Bank of Canada from C$69.00 to C$75.00 in a research note released on Thursday morning, BayStreet.CA reports. They currently have an outperform rating on the financial services provider’s stock.

Several other research analysts also recently commented on NA. BMO Capital Markets reduced their target price on National Bank of Canada from C$69.00 to C$66.00 in a research note on Thursday, August 29th. Canaccord Genuity increased their price target on National Bank of Canada from C$66.00 to C$68.50 in a research note on Monday, November 25th. Scotiabank raised their price target on National Bank of Canada from C$72.00 to C$77.00 in a report on Thursday. Eight Capital lifted their price objective on shares of National Bank of Canada from C$63.00 to C$66.00 in a research report on Wednesday, September 4th. Finally, TD Securities upped their price objective on shares of National Bank of Canada from C$64.00 to C$65.00 and gave the company a hold rating in a report on Thursday, August 29th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. National Bank of Canada currently has an average rating of Hold and an average target price of C$69.25.

TSE:NA opened at C$71.86 on Thursday. National Bank of Canada has a 12-month low of C$54.37 and a 12-month high of C$73.22. The firm has a market capitalization of $24.01 billion and a price-to-earnings ratio of 11.61. The stock’s 50 day moving average price is C$69.33 and its two-hundred day moving average price is C$64.71.

The business also recently declared a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Monday, December 30th will be issued a $0.71 dividend. This is a boost from National Bank of Canada’s previous quarterly dividend of $0.68. This represents a $2.84 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend is Friday, December 27th. National Bank of Canada’s dividend payout ratio is currently 42.97%.

In other National Bank of Canada news, Senior Officer Dominique Fagnoule sold 14,000 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$65.13, for a total transaction of C$911,820.00.

National Bank of Canada Company Profile

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.

Recommended Story: Municipal Bonds

Analyst Recommendations for National Bank of Canada (TSE:NA)

Receive News & Ratings for National Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.