National Bank of Canada (TSE:NA) Given Consensus Rating of “Buy” by Analysts

Shares of National Bank of Canada (TSE:NAGet Rating) have received an average recommendation of “Buy” from the thirteen ratings firms that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$101.19.

A number of equities research analysts have weighed in on NA shares. CIBC boosted their target price on shares of National Bank of Canada from C$100.00 to C$102.00 and gave the company an “outperform” rating in a research note on Monday, May 30th. Scotiabank upped their price objective on National Bank of Canada from C$106.00 to C$107.00 in a research note on Monday, May 30th. CSFB set a C$106.00 price objective on National Bank of Canada and gave the stock an “outperform” rating in a research note on Friday, May 20th. TD Securities upped their price objective on National Bank of Canada from C$100.00 to C$105.00 and gave the stock a “hold” rating in a research note on Monday, May 30th. Finally, Credit Suisse Group started coverage on National Bank of Canada in a research note on Friday, May 20th. They issued a “buy” rating and a C$106.00 price objective for the company.

NA stock opened at C$85.61 on Friday. The stock has a market capitalization of C$28.80 billion and a PE ratio of 8.78. National Bank of Canada has a 12-month low of C$85.19 and a 12-month high of C$106.10. The stock’s 50 day simple moving average is C$92.87 and its 200 day simple moving average is C$96.88.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 1st. Shareholders of record on Monday, June 27th will be paid a $0.92 dividend. The ex-dividend date of this dividend is Friday, June 24th. This represents a $3.68 annualized dividend and a yield of 4.30%. This is an increase from National Bank of Canada’s previous quarterly dividend of $0.87. National Bank of Canada’s dividend payout ratio (DPR) is presently 32.41%.

National Bank of Canada Company Profile (Get Rating)

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International.

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Analyst Recommendations for National Bank of Canada (TSE:NA)

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