National Bank of Canada (TSE:NA) Price Target Raised to C$134.00

National Bank of Canada (TSE:NA) had its price objective upped by CIBC from C$122.00 to C$134.00 in a report issued on Thursday, BayStreet.CA reports.

Several other brokerages also recently commented on NA. Canaccord Genuity Group lifted their target price on shares of National Bank of Canada from C$109.00 to C$117.00 and gave the stock a hold rating in a research note on Thursday, May 30th. TD Securities raised their price target on shares of National Bank of Canada from C$123.00 to C$129.00 in a report on Thursday. Royal Bank of Canada upped their price objective on shares of National Bank of Canada from C$113.00 to C$116.00 in a research note on Thursday. Scotiabank raised their target price on National Bank of Canada from C$120.00 to C$129.00 in a research note on Thursday. Finally, Cormark boosted their price target on National Bank of Canada from C$122.00 to C$128.00 in a report on Thursday. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, National Bank of Canada currently has an average rating of Hold and a consensus target price of C$121.33.

National Bank of Canada Price Performance

National Bank of Canada has a 12 month low of C$84.27 and a 12 month high of C$127.22. The company’s 50-day moving average is C$113.71 and its 200-day moving average is C$112.15. The company has a market capitalization of C$42.03 billion, a PE ratio of 12.02, a P/E/G ratio of 17.04 and a beta of 1.13.

National Bank of Canada (TSE:NA) last posted its quarterly earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.50 by C$0.18. The business had revenue of C$2.98 billion for the quarter, compared to analyst estimates of C$2.95 billion. National Bank of Canada had a return on equity of 15.18% and a net margin of 34.50%. As a group, research 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 announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Monday, September 30th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $4.40 dividend on an annualized basis and a dividend yield of ∞. National Bank of Canada’s dividend payout ratio is currently 42.84%.

Insider Transactions at National Bank of Canada

In other news, Director Yvon Charest acquired 325 shares of National Bank of Canada stock in a transaction on Monday, August 19th. The stock was acquired at an average cost of C$117.24 per share, for a total transaction of C$38,103.00. In other National Bank of Canada news, Director Yvon Charest bought 325 shares of National Bank of Canada stock in a transaction on Monday, August 19th. The stock was acquired at an average price 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 company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of C$107.59, for a total value of C$946,792.00. 0.21% of the stock is owned by insiders.

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.