National Bank of Canada Given “Sector Perform” Rating at CIBC (NA)
National Bank of Canada (TSE:NA)‘s stock had its “sector perform” rating reissued by equities research analysts at CIBC in a research note issued to investors on Thursday. They currently have a C$54.00 target price on the stock, up from their previous target price of C$51.00. CIBC’s price target suggests a potential upside of 6.07% 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’s 50-day moving average is $48.27 and its 200-day moving average is $45.86. The company has a market cap of $16.672 billion and a price-to-earnings ratio of 10.73.
The company also recently declared a quarterly dividend, which is scheduled for Saturday, November 1st. Shareholders of record on Thursday, September 25th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.77%.
A number of other analysts have also recently weighed in on NA. 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. Separately, analysts at Barclays raised their price target on shares of National Bank of Canada from C$48.00 to C$50.00 in a research note on Tuesday, August 19th. They now have an “equal weight” rating on the stock. Finally, analysts at Scotiabank reiterated a “sector perform” rating on shares of National Bank of Canada in a research note on Friday, June 13th. They now have a C$49.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$52.00.
National Bank of Canada (TSE:NA) is a bank.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.