National Bank of Canada Price Target Increased to C$55.00 by Analysts at Credit Suisse (NA)
Analysts at Credit Suisse increased their price objective on shares of National Bank of Canada (TSE:NA) from C$50.00 to C$55.00 in a research report issued to clients and investors on Thursday. Credit Suisse’s price target suggests a potential upside of 8.03% from the stock’s previous close.
National Bank of Canada (TSE:NA) traded up 0.53% on Thursday, hitting $51.18. 242,414 shares of the company’s stock traded hands. National Bank of Canada has a 52 week low of $39.80 and a 52 week 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 $16.760 billion and a P/E ratio of 11.06.
The company also recently declared a quarterly dividend, which is scheduled for Saturday, November 1st. Investors 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%.
Several other analysts have also recently commented on the stock. 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. Separately, analysts at CIBC raised their price target on shares of National Bank of Canada from C$49.00 to C$51.00 in a research note on Tuesday, August 12th. They now have an “underperform” 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 analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus 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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