Barclays Increases National Bank of Canada Price Target to C$53.00 (NA)
Analysts at Barclays upped their price objective on shares of National Bank of Canada (TSE:NA) from C$50.00 to C$53.00 in a research report issued to clients and investors on Thursday. Barclays’ price objective indicates a potential upside of 4.11% from the stock’s previous close.
National Bank of Canada (TSE:NA) opened at 50.91 on Thursday. National Bank of Canada has a one year low of $39.80 and a one year high of $50.97. The stock has a 50-day moving average of $48.27 and a 200-day moving average of $45.86. The company has a market cap of $16.672 billion and a P/E ratio of 10.73.
The company also recently announced a quarterly dividend, which is scheduled for Saturday, November 1st. Shareholders of record on Thursday, September 25th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.77%.
Several other analysts have also recently commented on the stock. Analysts at CIBC reiterated a “sector perform” rating on shares of National Bank of Canada in a research note on Thursday. They now have a C$54.00 price target on the stock, up previously from C$51.00. Separately, analysts at Credit Suisse raised their price target on shares of National Bank of Canada from C$50.00 to C$55.00 in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of C$52.00.
National Bank of Canada (TSE:NA) is a bank.
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