National Bank of Canada (TSE:NA) had its price objective decreased by RBC Capital from C$93.00 to C$90.00 in a research report released on Thursday morning, Analyst Ratings News reports. RBC Capital currently has an outperform rating on the stock.
RBC Capital has also modified their ratings on a number of other stocks in the few days. The firm downgraded shares of Agnico-Eagle Mines Limited from an outperform rating to a sector perform rating. Their analysts now have a $31.00 price target on that stock, down previously from $38.00. Also, RBC Capital reiterated its outperform rating on shares of Precision Drilling. Finally, RBC Capital reiterated its outperform rating on shares of Mountain Province Diamonds.
A number of other analysts have also recently weighed in on NA. Analysts at TD Securities cut their price target on shares of National Bank of Canada from C$104.00 to C$100.00 in a research note to investors on Thursday. They now have a hold rating on the stock. Separately, analysts at Barclays raised their price target on shares of National Bank of Canada from C$84.00 to C$91.00 in a research note to investors on Thursday, November 21st. They now have an equal weight rating on the stock. Finally, analysts at DA Davidson raised their price target on shares of National Bank of Canada from C$24.00 to C$25.00 in a research note to investors on Monday, October 28th. They now have a buy rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of C$82.44.
National Bank of Canada (TSE:NA) traded down 0.45% during mid-day trading on Thursday, hitting $88.94. The stock had a trading volume of 532,848 shares. National Bank of Canada has a 1-year low of $71.77 and a 1-year high of $93.92. The stock’s 50-day moving average is $91.08 and its 200-day moving average is $82.28. The company has a market cap of $14.448 billion and a price-to-earnings ratio of 9.98.
The company also recently announced a quarterly dividend, which is scheduled for Saturday, February 1st. Shareholders of record on Friday, December 27th will be paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 4.12%.
National Bank of Canada (TSE:NA) is an integrated bank that provides financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world.
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