Dundee Securities reaffirmed their neutral rating on shares of National Bank of Canada (TSE:NA) in a research report report published on Wednesday morning. The brokerage currently has a C$51.00 price objective on the stock.
A number of other equities analysts also recently commented on NA. Scotiabank lifted their target price on National Bank of Canada from C$50.00 to C$51.00 and gave the company an outperform rating in a research note on Tuesday. Desjardins lifted their target price on National Bank of Canada from C$44.00 to C$45.00 and gave the company a hold rating in a research note on Wednesday, August 3rd. Barclays PLC lifted their target price on National Bank of Canada from C$41.00 to C$45.00 and gave the company an equal weight rating in a research note on Wednesday, August 17th. Canaccord Genuity restated a buy rating on shares of National Bank of Canada in a research note on Wednesday, June 8th. Finally, CSFB lifted their target price on National Bank of Canada from C$50.00 to C$51.00 in a research note on Thursday, September 1st. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of C$49.33.
National Bank of Canada (TSE:NA) opened at 47.56 on Wednesday. The stock has a market capitalization of $16.06 billion and a P/E ratio of 13.75. National Bank of Canada has a 52 week low of $34.86 and a 52 week high of $47.98. The stock’s 50 day moving average price is $46.52 and its 200-day moving average price is $44.41.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Monday, September 26th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 4.63%. The ex-dividend date of this dividend is Thursday, September 22nd.
About National Bank of Canada
National Bank of Canada (the Bank) is an integrated provider of financial services to retail, commercial, corporate and institutional clients. The Bank offers a range of services that include banking and investment solutions, securities brokerage, insurance and wealth management. The Bank operates in three business segments: Personal and Commercial, Wealth Management and Financial Markets.
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