Brokerages Set National Bank of Canada (TSE:NA) Price Target at C$114.62

National Bank of Canada (TSE:NA) has been assigned a consensus rating of “Hold” from the fourteen analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$114.54.

Several research analysts recently issued reports on the company. CIBC upped their target price on National Bank of Canada from C$109.00 to C$124.00 and gave the company an “outperform” rating in a research report on Thursday, May 30th. Cormark upped their price objective on shares of National Bank of Canada from C$119.00 to C$120.00 in a report on Thursday, May 30th. TD Securities lifted their target price on shares of National Bank of Canada from C$118.00 to C$121.00 in a research note on Friday, May 10th. Scotiabank cut their price target on shares of National Bank of Canada from C$119.00 to C$116.00 and set a “hold” rating on the stock in a research note on Tuesday, June 18th. Finally, Desjardins lifted their price objective on shares of National Bank of Canada from C$116.00 to C$118.00 and gave the stock a “hold” rating in a research note on Tuesday.

National Bank of Canada Price Performance

NA opened at C$111.98 on Friday. The firm has a market capitalization of C$38.06 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 17.04 and a beta of 1.12. The business’s 50-day moving average is C$112.13 and its two-hundred day moving average is C$110.34. National Bank of Canada has a 1 year low of C$84.27 and a 1 year high of C$118.77.

National Bank of Canada (TSE:NA) last issued its quarterly earnings data on Wednesday, May 29th. The financial services provider reported C$2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$2.43 by C$0.11. National Bank of Canada had a net margin of 34.22% and a return on equity of 14.73%. The firm had revenue of C$2.84 billion for the quarter, compared to the consensus estimate of C$2.89 billion. As a group, sell-side analysts expect that National Bank of Canada will post 9.8686007 EPS for the current year.

National Bank of Canada Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Monday, June 24th were paid a $1.10 dividend. This is an increase from National Bank of Canada’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend was Monday, June 24th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.93%. National Bank of Canada’s dividend payout ratio is presently 44.63%.

Insider Activity at National Bank of Canada

In other news, Director Yvon Charest bought 324 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was purchased at an average cost of C$116.20 per share, for a total transaction of C$37,648.80. In other National Bank of Canada news, Senior Officer Lucie Blanchet sold 8,800 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of C$107.59, for a total transaction of C$946,792.00. Also, Director Yvon Charest acquired 324 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was acquired at an average price of C$116.20 per share, with a total value of C$37,648.80. 0.20% of the stock is owned by company insiders.

About National Bank of Canada

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.