National Bank of Canada (TSE:NA) Price Target Raised to C$116.00 at Desjardins

National Bank of Canada (TSE:NAFree Report) had its price objective upped by Desjardins from C$109.00 to C$116.00 in a research report released on Monday morning, BayStreet.CA reports. Desjardins currently has a hold rating on the financial services provider’s stock.

A number of other equities analysts have also issued reports on the stock. Royal Bank of Canada raised their target price on shares of National Bank of Canada from C$105.00 to C$109.00 and gave the stock a sector perform rating in a research report on Thursday, February 29th. Veritas Investment Research reiterated a reduce rating on shares of National Bank of Canada in a research report on Thursday, February 29th. Canaccord Genuity Group boosted their price target on National Bank of Canada from C$107.00 to C$108.00 and gave the stock a hold rating in a research note on Thursday, February 29th. CIBC dropped their target price on shares of National Bank of Canada from C$110.00 to C$109.00 and set an outperform rating for the company in a report on Friday, March 8th. Finally, Jefferies Financial Group upped their price objective on National Bank of Canada from C$109.00 to C$113.00 and gave the company a hold rating in a research report on Thursday, February 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of Hold and a consensus target price of C$108.58.

Check Out Our Latest Stock Report on National Bank of Canada

National Bank of Canada Price Performance

Shares of TSE NA opened at C$115.26 on Monday. The stock’s 50-day moving average is C$111.64 and its two-hundred day moving average is C$101.98. The company has a market cap of C$39.17 billion, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 17.04 and a beta of 1.12. National Bank of Canada has a 1-year low of C$84.27 and a 1-year high of C$115.48.

National Bank of Canada (TSE:NAGet Free Report) last released its quarterly earnings data on Wednesday, February 28th. The financial services provider reported C$2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.38 by C$0.21. National Bank of Canada had a return on equity of 14.73% and a net margin of 34.22%. The business had revenue of C$2.71 billion during the quarter, compared to analysts’ expectations of C$2.72 billion. Equities research analysts anticipate that National Bank of Canada will post 9.848222 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 Wednesday, May 1st. Investors of record on Monday, March 25th were given a dividend of $1.06 per share. The ex-dividend date was Friday, March 22nd. This represents a $4.24 annualized dividend and a yield of 3.68%. National Bank of Canada’s dividend payout ratio (DPR) is presently 44.63%.

Insider Buying and Selling at National Bank of Canada

In related news, Director Yvon Charest purchased 331 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was purchased at an average price of C$103.19 per share, with a total value of C$34,155.89. 0.20% of the stock is owned by company insiders.

National Bank of Canada Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for National Bank of Canada (TSE:NA)

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.