National Bank of Canada (TSE:NA – Free Report) had its target price raised by CIBC from C$134.00 to C$135.00 in a research report released on Friday morning, BayStreet.CA reports.
Several other equities research analysts also recently weighed in on NA. Royal Bank of Canada upped their target price on shares of National Bank of Canada from C$113.00 to C$116.00 in a research note on Thursday, August 29th. Scotiabank lifted their target price on National Bank of Canada from C$120.00 to C$129.00 in a report on Thursday, August 29th. TD Securities upped their price target on National Bank of Canada from C$123.00 to C$129.00 in a report on Thursday, August 29th. Cormark lifted their price objective on National Bank of Canada from C$122.00 to C$128.00 in a research note on Thursday, August 29th. Finally, Jefferies Financial Group upped their target price on shares of National Bank of Canada from C$119.00 to C$126.00 in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, National Bank of Canada currently has an average rating of Hold and an average price target of C$121.42.
Check Out Our Latest Stock Analysis on National Bank of Canada
National Bank of Canada Stock Up 0.9 %
National Bank of Canada (TSE:NA – Get Free Report) last announced its earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 EPS for the quarter, beating analysts’ consensus estimates of C$2.50 by C$0.18. The company had revenue of C$2.98 billion during the quarter, compared to analysts’ expectations of C$2.95 billion. National Bank of Canada had a return on equity of 15.18% and a net margin of 34.50%. On average, sell-side analysts expect that National Bank of Canada will post 10.4784081 EPS for the current fiscal year.
National Bank of Canada Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Monday, September 30th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $4.40 annualized dividend and a dividend yield of 3.53%. National Bank of Canada’s dividend payout ratio is presently 42.84%.
Insider Activity
In related news, Senior Officer Lucie Blanchet sold 8,800 shares of National Bank of Canada stock in a transaction on Thursday, June 20th. The shares were sold at an average price of C$107.59, for a total transaction of C$946,792.00. In other National Bank of Canada news, Director Yvon Charest bought 325 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were acquired at an average cost of C$117.24 per share, with a total value of C$38,103.00. Also, Senior Officer Lucie Blanchet sold 8,800 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of C$107.59, for a total transaction of C$946,792.00. Company insiders own 0.21% of the company’s stock.
About National Bank of Canada
National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.
Featured Articles
- Five stocks we like better than National Bank of Canada
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Why Block’s Key Components Make It a Solid Investment Choice
- Learn Technical Analysis Skills to Master the Stock Market
- Is Applied Digital’s Stock Set to Surge With NVIDIA’s Backing?
- What Investors Need to Know to Beat the Market
- 4 Reasons to Consider Adding General Mills to Your Portfolio
Receive News & Ratings for National Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.