Analysts Set National Bank of Canada (TSE:NA) Price Target at C$144.42

National Bank of Canada (TSE:NA) has earned an average recommendation of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat reports. Nine analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$144.42.

A number of research firms have issued reports on NA. CIBC boosted their price target on National Bank of Canada from C$151.00 to C$154.00 and gave the company a “neutral” rating in a research note on Friday, September 5th. Scotiabank boosted their price target on National Bank of Canada from C$150.00 to C$159.00 in a research note on Friday, October 10th. Barclays boosted their price target on National Bank of Canada from C$141.00 to C$147.00 and gave the company an “equal weight” rating in a research note on Thursday, August 14th. Royal Bank Of Canada cut their price target on National Bank of Canada from C$152.00 to C$148.00 and set a “sector perform” rating for the company in a research note on Thursday, August 28th. Finally, Jefferies Financial Group cut their price target on National Bank of Canada from C$157.00 to C$153.00 and set a “hold” rating for the company in a research note on Thursday, August 28th.

National Bank of Canada Stock Up 0.6%

National Bank of Canada stock opened at C$156.58 on Friday. The business has a 50-day simple moving average of C$149.83 and a two-hundred day simple moving average of C$139.64. The company has a market cap of C$61.41 billion, a P/E ratio of 15.43, a P/E/G ratio of 7.14 and a beta of 1.10. National Bank of Canada has a 52-week low of C$106.67 and a 52-week high of C$156.63.

National Bank of Canada Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, November 1st. Investors of record on Monday, September 29th will be paid a dividend of $1.18 per share. This represents a $4.72 dividend on an annualized basis and a dividend yield of 3.0%. National Bank of Canada’s dividend payout ratio (DPR) is presently 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.