National Bank of Canada (TSE:NA) Receives Consensus Recommendation of “Hold” from Analysts

Shares of National Bank of Canada (TSE:NA) have earned an average rating of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$143.42.

A number of equities analysts have recently weighed in on the company. Scotiabank upped their target price on National Bank of Canada from C$142.00 to C$147.00 and gave the company an “outperform” rating in a report on Thursday, August 28th. Jefferies Financial Group lowered their price objective on shares of National Bank of Canada from C$157.00 to C$153.00 and set a “hold” rating on the stock in a research report on Thursday, August 28th. Barclays upped their price objective on shares of 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. Cibc World Mkts raised shares of National Bank of Canada from a “strong sell” rating to a “hold” rating in a research note on Friday, August 1st. Finally, CIBC upped their price target on shares of National Bank of Canada from C$151.00 to C$154.00 and gave the stock a “neutral” rating in a research note on Friday.

National Bank of Canada Trading Up 1.0%

TSE:NA opened at C$145.91 on Friday. The business’s fifty day moving average price is C$144.81 and its 200 day moving average price is C$130.93. The firm has a market capitalization of C$57.10 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 7.14 and a beta of 1.06. National Bank of Canada has a 1-year low of C$106.67 and a 1-year high of C$151.97.

National Bank of Canada Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, November 1st. Shareholders of record on Monday, September 29th will be given a $1.18 dividend. This represents a $4.72 annualized dividend and a yield of 3.2%. National Bank of Canada’s payout ratio is currently 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.