National Bank of Canada Receives Sector Perform Rating from Scotiabank (NA)
National Bank of Canada (TSE:NA)‘s stock had its “sector perform” rating reaffirmed by equities research analysts at Scotiabank in a research note issued to investors on Friday. They currently have a C$49.00 target price on the stock. Scotiabank’s price target would suggest a potential upside of 6.36% from the stock’s previous close.
National Bank of Canada (TSE:NA) traded up 0.24% on Friday, hitting $46.18. 548,554 shares of the company’s stock traded hands. National Bank of Canada has a 52 week low of $36.07 and a 52 week high of $47.22. The stock has a 50-day moving average of $45.76 and a 200-day moving average of $44.59. The company has a market cap of $15.123 billion and a price-to-earnings ratio of 10.16.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 1st. Shareholders of record on Thursday, June 26th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Tuesday, June 24th.
A number of other analysts have also recently weighed in on NA. Analysts at TD Securities raised their price target on shares of National Bank of Canada from C$49.00 to C$50.00 in a research note on Monday. They now have a “hold” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of National Bank of Canada from C$47.00 to C$48.00 in a research note on Thursday, May 29th. They now have a “sector perform” rating on the stock. Finally, analysts at CIBC raised their price target on shares of National Bank of Canada from C$48.00 to C$49.00 in a research note on Thursday, May 29th. They now have an “underperform” rating on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of C$49.30.
National Bank of Canada (TSE:NA) is a bank.
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