Scotiabank Increases National Bank of Canada (NA) Price Target to C$51.00
National Bank of Canada (TSE:NA) had its target price upped by investment analysts at Scotiabank from C$50.00 to C$51.00 in a research note issued on Tuesday, StockTargetPrices.com reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price target suggests a potential upside of 7.21% from the stock’s previous close.
Other analysts have also recently issued research reports about the stock. TD Securities restated a “hold” rating and set a C$47.00 target price on shares of National Bank of Canada in a report on Monday. BMO Capital Markets boosted their target price on shares of National Bank of Canada from C$45.00 to C$49.00 in a report on Thursday, September 1st. CIBC boosted their target price on shares of National Bank of Canada from C$44.00 to C$45.00 in a report on Wednesday, August 10th. Barclays PLC restated an “equal weight” rating on shares of National Bank of Canada in a report on Friday, June 3rd. Finally, Royal Bank Of Canada boosted their target price on shares of National Bank of Canada from C$53.00 to C$57.00 and gave the company an “outperform” rating in a report on Thursday, September 1st. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of C$49.18.
National Bank of Canada (TSE:NA) traded up 0.36% during mid-day trading on Tuesday, reaching $47.74. 382,629 shares of the company were exchanged. National Bank of Canada has a one year low of $34.86 and a one year high of $47.98. The company has a market capitalization of $16.12 billion and a PE ratio of 13.80. The stock has a 50-day moving average price of $46.39 and a 200 day moving average price of $44.33.
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The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Monday, September 26th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 4.62%. The ex-dividend date of this dividend is Thursday, September 22nd.
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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