National Bank of Canada (TSE:NA) PT Raised to C$129.00 at Scotiabank

National Bank of Canada (TSE:NA) had its price target increased by Scotiabank from C$120.00 to C$129.00 in a research report sent to investors on Thursday, BayStreet.CA reports.

Several other brokerages have also issued reports on NA. Canaccord Genuity Group lifted their price target on National Bank of Canada from C$109.00 to C$117.00 and gave the company a hold rating in a research note on Thursday, May 30th. BMO Capital Markets lowered their target price on National Bank of Canada from C$121.00 to C$115.00 and set an outperform rating for the company in a report on Tuesday, June 18th. UBS Group set a C$123.00 price target on National Bank of Canada and gave the company a buy rating in a research note on Tuesday, July 2nd. Royal Bank of Canada upped their target price on National Bank of Canada from C$109.00 to C$113.00 and gave the company a sector perform rating in a research report on Thursday, May 30th. Finally, Cormark upped their target price on National Bank of Canada from C$121.00 to C$122.00 and gave the company a market perform rating in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, National Bank of Canada has a consensus rating of Hold and an average price target of C$121.33.

National Bank of Canada Trading Down 0.4 %

Shares of TSE NA opened at C$123.49 on Thursday. National Bank of Canada has a 12 month low of C$84.27 and a 12 month high of C$127.22. The stock has a 50 day moving average of C$113.71 and a 200-day moving average of C$112.15. The company has a market capitalization of C$42.03 billion, a P/E ratio of 12.02, a P/E/G ratio of 17.04 and a beta of 1.13.

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

National Bank of Canada Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Monday, September 30th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.56%. National Bank of Canada’s dividend payout ratio is presently 42.84%.

Insider Activity

In other National Bank of Canada news, Director Yvon Charest purchased 325 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was bought at an average cost of C$117.24 per share, with a total value of C$38,103.00. In other National Bank of Canada news, Director Yvon Charest purchased 325 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was bought at an average cost of C$117.24 per share, with a total value of C$38,103.00. Also, Senior Officer Lucie Blanchet sold 8,800 shares of the firm’s stock in a transaction 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. Corporate insiders own 0.21% of the company’s stock.

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.