National Bank of Canada (TSE:NA) Receives Average Rating of “Hold” from Analysts

National Bank of Canada (TSE:NA) has received a consensus recommendation of “Hold” from the eleven research firms that are currently covering the firm, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$143.42.

A number of analysts have issued reports on NA shares. Scotiabank lifted their target price on shares of National Bank of Canada from C$142.00 to C$147.00 and gave the company an “outperform” rating in a research note on Thursday, August 28th. Barclays lifted their price target on shares of National Bank of Canada from C$141.00 to C$147.00 and gave the company an “equal weight” rating in a research report on Thursday, August 14th. Cibc World Mkts raised shares of National Bank of Canada from a “strong sell” rating to a “hold” rating in a research report on Friday, August 1st. Jefferies Financial Group dropped their price target on shares of National Bank of Canada from C$157.00 to C$153.00 and set a “hold” rating on the stock in a research report on Thursday, August 28th. Finally, Canaccord Genuity Group lifted their price target on shares of National Bank of Canada from C$136.00 to C$138.00 and gave the company a “hold” rating in a research report on Tuesday, June 24th.

National Bank of Canada Stock Down 0.0%

TSE NA opened at C$149.45 on Friday. The stock has a market capitalization of C$58.58 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of 7.14 and a beta of 1.06. The company has a 50 day moving average price of C$145.52 and a two-hundred day moving average price of C$131.73. National Bank of Canada has a 12-month low of C$106.67 and a 12-month high of C$151.97.

National Bank of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, November 1st. Investors of record on Monday, September 29th will be given a dividend of $1.18 per share. This represents a $4.72 dividend on an annualized basis and a yield of 3.2%. National Bank of Canada’s dividend payout ratio (DPR) is currently 44.93%.

National Bank of Canada Company Profile

National Bank of Canada is the sixth-largest Canadian bank. The bank offers integrated financial services, primarily in the province of Quebec as well as the city of Toronto. Operational segments include personal and commercial banking, wealth management, and a financial markets group.