National Bank of Canada (TSE:NA) Price Target Raised to C$161.00

National Bank of Canada (TSE:NA) had its target price raised by TD Securities from C$148.00 to C$161.00 in a report released on Monday morning,BayStreet.CA reports.

Several other equities analysts have also issued reports on the company. Cibc World Mkts upgraded National Bank of Canada from a “strong sell” rating to a “hold” rating in a research report on Friday, August 1st. Barclays lifted their target price on shares of National Bank of Canada from C$141.00 to C$147.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 14th. Jefferies Financial Group lowered their price target on shares of National Bank of Canada from C$157.00 to C$153.00 and set a “hold” rating for the company in a report on Thursday, August 28th. Desjardins cut their price target on shares of National Bank of Canada from C$150.00 to C$149.00 and set a “hold” rating on the stock in a report on Thursday, August 28th. Finally, Scotiabank boosted their price objective on shares of National Bank of Canada from C$150.00 to C$159.00 in a research report on Friday, October 10th. Two equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$146.92.

National Bank of Canada Stock Up 1.3%

National Bank of Canada stock opened at C$163.03 on Monday. The firm has a fifty day simple moving average of C$152.19 and a two-hundred day simple moving average of C$142.88. National Bank of Canada has a twelve month low of C$106.67 and a twelve month high of C$163.11. The company has a market capitalization of C$63.94 billion, a PE ratio of 16.06, a P/E/G ratio of 7.14 and a beta of 1.08.

National Bank of Canada Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, November 1st. Investors of record on Monday, September 29th were given a dividend of $1.18 per share. This represents a $4.72 dividend on an annualized basis and a yield of 2.9%. National Bank of Canada’s dividend payout ratio (DPR) is presently 44.93%.

About National Bank of Canada

National Bank of Canada is the sixth-largest Canadian bank. The bank offers integrated financial services, primarily in the province of Quebec as well as the city of Toronto. Operational segments include personal and commercial banking, wealth management, and a financial markets group.