Scotiabank Increases National Bank of Canada (TSE:NA) Price Target to C$115.00

National Bank of Canada (TSE:NAGet Rating) had its target price lifted by Scotiabank from C$112.00 to C$115.00 in a research report released on Tuesday morning, BayStreet.CA reports.

Several other research firms have also recently issued reports on NA. 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. BMO Capital Markets reduced their target price on National Bank of Canada from C$108.00 to C$103.00 in a research note on Friday, September 2nd. Canaccord Genuity Group decreased their target price on National Bank of Canada from C$101.00 to C$100.00 in a report on Thursday, August 25th. CSFB lifted their price target on shares of National Bank of Canada from C$106.00 to C$111.00 in a report on Tuesday. Finally, CIBC decreased their price objective on shares of National Bank of Canada from C$104.00 to C$100.00 in a report on Wednesday, September 7th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of C$105.83.

National Bank of Canada Stock Performance

Shares of National Bank of Canada stock opened at C$98.54 on Tuesday. The company’s 50 day moving average price is C$90.67 and its 200-day moving average price is C$90.27. National Bank of Canada has a 52-week low of C$82.16 and a 52-week high of C$105.75. The stock has a market capitalization of C$33.16 billion and a price-to-earnings ratio of 10.12.

National Bank of Canada (TSE:NAGet Rating) last announced its quarterly 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 firm had revenue of C$2.41 billion during the quarter, compared to the consensus estimate of C$2.45 billion. As a group, equities research analysts forecast that National Bank of Canada will post 9.8199999 earnings per share for the current fiscal year.

National Bank of Canada Announces Dividend

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

Insider Buying and Selling

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