National Bank of Canada (TSE:NA) Price Target Raised to C$111.00

National Bank of Canada (TSE:NAGet Rating) had its target price lifted by Credit Suisse Group to C$111.00 in a report released on Tuesday morning, Stock Target Advisor reports.

Other equities analysts also recently issued reports about the stock. CIBC dropped their price target on shares of National Bank of Canada from C$104.00 to C$100.00 in a research note on Wednesday, September 7th. Barclays dropped their price objective on National Bank of Canada from C$93.00 to C$91.00 in a report on Monday, August 15th. Cormark lifted their price objective on shares of National Bank of Canada from C$114.00 to C$115.00 in a research note on Friday, August 26th. Keefe, Bruyette & Woods upped their price target on shares of National Bank of Canada from C$100.00 to C$106.00 in a report on Friday, September 2nd. Finally, BMO Capital Markets lowered their price objective on shares of National Bank of Canada from C$108.00 to C$103.00 in a research note on Friday, September 2nd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, National Bank of Canada presently has a consensus rating of Moderate Buy and a consensus price target of C$105.83.

National Bank of Canada Price Performance

TSE NA opened at C$99.01 on Tuesday. The firm has a market capitalization of C$33.32 billion and a price-to-earnings ratio of 10.20. The company has a 50 day simple moving average of C$90.82 and a 200-day simple moving average of C$90.33. National Bank of Canada has a 52-week low of C$82.16 and a 52-week high of C$104.83.

National Bank of Canada (TSE:NAGet Rating) last released its quarterly earnings data on Wednesday, August 24th. The financial services provider reported C$2.35 earnings per share for the quarter, beating the consensus estimate of C$2.27 by C$0.08. The company had revenue of C$2.41 billion during the quarter, compared to analyst estimates of C$2.45 billion. On average, analysts predict that National Bank of Canada will post 9.8199999 EPS for the current year.

National Bank of Canada Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 1st. Stockholders of record on Monday, September 26th were issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 3.72%. The ex-dividend date was Friday, September 23rd. National Bank of Canada’s payout ratio is 34.60%.

Insider Transactions at National Bank of Canada

In other National Bank of Canada news, Director Yvon Charest purchased 348 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The shares were acquired at an average cost of C$96.03 per share, for a total transaction of C$33,418.44. Following the transaction, the director now directly owns 15,864 shares in the company, valued at C$1,523,419.92.

About National Bank of Canada

(Get Rating)

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

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

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