National Bank of Canada (TSE:NA) PT Raised to C$126.00 at Jefferies Financial Group

National Bank of Canada (TSE:NA) had its price objective raised by Jefferies Financial Group from C$119.00 to C$126.00 in a research note released on Thursday, BayStreet.CA reports.

Several other brokerages have also weighed in on NA. TD Securities increased their price objective on National Bank of Canada from C$123.00 to C$129.00 in a report on Thursday. Royal Bank of Canada increased their price target on National Bank of Canada from C$113.00 to C$116.00 in a research note on Thursday. Cormark boosted their price objective on National Bank of Canada from C$121.00 to C$122.00 and gave the company a market perform rating in a research note on Tuesday, August 20th. UBS Group set a C$123.00 price objective on shares of National Bank of Canada and gave the company a buy rating in a report on Tuesday, July 2nd. Finally, Desjardins lifted their target price 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, August 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Hold and an average price target of C$121.33.

National Bank of Canada Price Performance

National Bank of Canada has a 12 month low of C$84.27 and a 12 month high of C$127.22. The company has a market cap of C$42.03 billion, a P/E ratio of 12.02, a PEG ratio of 17.04 and a beta of 1.13. The company has a 50-day simple moving average of C$113.71 and a two-hundred day simple moving average of C$112.15.

National Bank of Canada (TSE:NA) last posted its quarterly earnings data on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$2.50 by C$0.18. The business had revenue of C$2.98 billion during the quarter, compared to the consensus estimate of C$2.95 billion. National Bank of Canada had a net margin of 34.50% and a return on equity of 15.18%. On average, sell-side analysts forecast that National Bank of Canada will post 10.4784081 EPS for the current year.

National Bank of Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Monday, September 30th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of ∞. The ex-dividend date is Friday, September 27th. National Bank of Canada’s dividend payout ratio (DPR) is currently 42.84%.

Insider Activity at National Bank of Canada

In other news, Director Yvon Charest purchased 325 shares of the company’s stock in a transaction on Monday, August 19th. The stock was purchased at an average price of C$117.24 per share, with a total value of C$38,103.00. In other news, Director Yvon Charest acquired 325 shares of National Bank of Canada stock in a transaction dated Monday, August 19th. The shares were purchased at an average cost of C$117.24 per share, for a total transaction of C$38,103.00. Also, Senior Officer Lucie Blanchet sold 8,800 shares of the business’s 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 value of C$946,792.00. 0.21% of the stock is owned by 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.