Credit Suisse Group Boosts National Bank of Canada (TSE:NA) Price Target to C$111.00

National Bank of Canada (TSE:NAGet Rating) had its price target increased by Credit Suisse Group to C$111.00 in a report released on Tuesday, Stock Target Advisor reports.

A number of other equities analysts also recently issued reports on the company. Barclays cut their target price on National Bank of Canada from C$93.00 to C$91.00 in a research note on Monday, August 15th. Canaccord Genuity Group decreased their target price on shares of National Bank of Canada from C$101.00 to C$100.00 in a research report on Thursday, August 25th. Keefe, Bruyette & Woods raised their price objective on shares of National Bank of Canada from C$100.00 to C$106.00 in a research note on Friday, September 2nd. CIBC dropped their target price on shares of National Bank of Canada from C$104.00 to C$100.00 in a report on Wednesday, September 7th. Finally, Cormark boosted their price target on National Bank of Canada from C$114.00 to C$115.00 in a research note on Friday, August 26th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of C$105.83.

National Bank of Canada Stock Performance

NA stock opened at C$98.54 on Tuesday. The stock has a market capitalization of C$33.16 billion and a PE ratio of 10.12. The company has a fifty day moving average of C$90.67 and a 200-day moving average of C$90.27. National Bank of Canada has a one year low of C$82.16 and a one year high of C$105.75.

National Bank of Canada (TSE:NAGet Rating) last posted its quarterly earnings results on Wednesday, August 24th. The financial services provider reported C$2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.27 by C$0.08. The firm had revenue of C$2.41 billion for the quarter, compared to analysts’ expectations of C$2.45 billion. Equities analysts forecast that National Bank of Canada will post 9.8199999 earnings per share for the current fiscal year.

National Bank of Canada Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 1st. Investors of record on Monday, September 26th were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Friday, September 23rd. This represents a $3.68 dividend on an annualized basis and a yield of 3.73%. National Bank of Canada’s dividend payout ratio (DPR) is currently 34.60%.

Insiders Place Their Bets

In other National Bank of Canada news, Director Laurent Ferreira purchased 2,000 shares of the stock in a transaction on Friday, August 26th. The stock was bought at an average price of C$89.70 per share, for a total transaction of C$179,400.00. Following the acquisition, the director now directly owns 73,400 shares of the company’s stock, valued at C$6,583,980. In related news, Director Laurent Ferreira acquired 2,000 shares of the stock in a transaction dated Friday, August 26th. The stock was bought at an average cost of C$89.70 per share, with a total value of C$179,400.00. Following the purchase, the director now directly owns 73,400 shares of the company’s stock, valued at C$6,583,980. Also, Director Yvon Charest bought 348 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was purchased at an average cost of C$96.03 per share, for a total transaction of C$33,418.44. Following the completion of the transaction, the director now directly owns 15,864 shares in the company, valued at approximately C$1,523,419.92.

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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