National Bank of Canada’s (NA) Neutral Rating Reaffirmed at Dundee Securities
National Bank of Canada (TSE:NA)‘s stock had its “neutral” rating reaffirmed by research analysts at Dundee Securities in a research report issued on Wednesday. They currently have a C$51.00 target price on the stock. Dundee Securities’ price objective points to a potential upside of 7.03% from the stock’s previous close.
A number of other brokerages have also issued reports on NA. Desjardins increased their price objective on National Bank of Canada from C$44.00 to C$45.00 and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Scotiabank increased their price objective on National Bank of Canada from C$50.00 to C$51.00 and gave the stock an “outperform” rating in a report on Tuesday. TD Securities reissued a “hold” rating and issued a C$47.00 price objective on shares of National Bank of Canada in a report on Monday. BMO Capital Markets increased their price objective on National Bank of Canada from C$45.00 to C$49.00 in a report on Thursday, September 1st. Finally, CIBC increased their price objective on National Bank of Canada from C$44.00 to C$45.00 in a report on Wednesday, August 10th. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of C$49.33.
National Bank of Canada (TSE:NA) traded down 0.15% during trading on Wednesday, hitting $47.58. The stock had a trading volume of 773,159 shares. The firm’s 50-day moving average price is $46.42 and its 200-day moving average price is $44.39. The stock has a market cap of $16.07 billion and a PE ratio of 13.76. National Bank of Canada has a 1-year low of $34.86 and a 1-year high of $47.98.
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The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Monday, September 26th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a $2.20 dividend on an annualized basis and a dividend 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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