Scotiabank Boosts National Bank of Canada (NA) Price Target to C$51.00
National Bank of Canada (TSE:NA) had its target price lifted by Scotiabank from C$50.00 to C$51.00 in a report issued on Tuesday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 7.21% from the company’s previous close.
A number of other equities analysts also recently commented on NA. Desjardins lifted their target price on National Bank of Canada from C$44.00 to C$45.00 and gave the company a “hold” rating in a research note on Wednesday, August 3rd. Royal Bank Of Canada upgraded National Bank of Canada from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$51.00 to C$53.00 in a research note on Thursday, June 2nd. CIBC lifted their target price on National Bank of Canada from C$44.00 to C$45.00 in a research note on Wednesday, August 10th. TD Securities restated a “hold” rating and issued a C$47.00 target price on shares of National Bank of Canada in a research note on Monday. Finally, CSFB lifted their target price on National Bank of Canada from C$50.00 to C$51.00 in a research note on Thursday, September 1st. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of C$49.18.
National Bank of Canada (TSE:NA) traded up 0.42% during trading on Tuesday, reaching $47.77. The company had a trading volume of 315,451 shares. The company has a 50-day moving average of $46.39 and a 200-day moving average of $44.33. National Bank of Canada has a 52-week low of $34.86 and a 52-week high of $47.98. The firm has a market capitalization of $16.13 billion and a P/E ratio of 13.81.
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The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Investors of record on Monday, September 26th will be issued a dividend of $0.55 per share. The ex-dividend date is Thursday, September 22nd. This represents a $2.20 annualized dividend and a yield of 4.62%.
National Bank of Canada Company Profile
National Bank of Canada (the Bank) is an integrated provider of financial services to retail, commercial, corporate and institutional clients. The Bank offers a range of services that include banking and investment solutions, securities brokerage, insurance and wealth management. The Bank operates in three business segments: Personal and Commercial, Wealth Management and Financial Markets.
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