National Bank of Canada (TSE:NA) PT Raised to C$111.00

National Bank of Canada (TSE:NAGet Rating) had its price target raised by CSFB from C$106.00 to C$111.00 in a research note issued to investors on Tuesday morning, BayStreet.CA reports.

Other research analysts also recently issued research reports about the company. Canaccord Genuity Group reduced their price objective on National Bank of Canada from C$101.00 to C$100.00 in a report on Thursday, August 25th. Keefe, Bruyette & Woods raised their price target on National Bank of Canada from C$100.00 to C$106.00 in a report on Friday, September 2nd. Credit Suisse Group boosted their price objective on National Bank of Canada to C$111.00 in a report on Tuesday. Scotiabank raised their target price on shares of National Bank of Canada from C$107.00 to C$112.00 in a research note on Thursday, August 18th. Finally, BMO Capital Markets lowered their price target on shares of National Bank of Canada from C$108.00 to C$103.00 in a research report on Friday, September 2nd. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of C$105.83.

National Bank of Canada Stock Up 1.2 %

Shares of TSE NA opened at C$98.54 on Tuesday. National Bank of Canada has a 12-month low of C$82.16 and a 12-month high of C$105.75. The firm’s 50-day simple moving average is C$90.67 and its 200 day simple moving average is C$90.27. The company has a market cap of C$33.16 billion and a price-to-earnings ratio of 10.12.

National Bank of Canada (TSE:NAGet Rating) last announced its earnings results on Wednesday, August 24th. The financial services provider reported C$2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$2.27 by C$0.08. The company had revenue of C$2.41 billion for the quarter, compared to analyst estimates of C$2.45 billion. On average, equities analysts expect that National Bank of Canada will post 9.8199999 earnings per share for the current year.

National Bank of Canada Announces Dividend

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

Insider Activity at National Bank of Canada

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

About National Bank of Canada

(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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