Canaccord Genuity Group Issues Positive Forecast for National Bank of Canada (TSE:NA) Stock Price

National Bank of Canada (TSE:NA) had its price objective hoisted by Canaccord Genuity Group from C$204.00 to C$205.00 in a research note released on Friday morning,BayStreet.CA reports. Canaccord Genuity Group currently has a hold rating on the financial services provider’s stock.

NA has been the subject of a number of other research reports. Scotiabank raised their price target on shares of National Bank of Canada from C$202.00 to C$214.00 and gave the stock a “sector outperform” rating in a report on Monday, May 4th. Jefferies Financial Group increased their price objective on shares of National Bank of Canada from C$172.00 to C$188.00 in a research note on Wednesday, May 20th. BMO Capital Markets increased their price objective on shares of National Bank of Canada from C$177.00 to C$195.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Raymond James Financial cut their price objective on shares of National Bank of Canada from C$206.50 to C$203.00 and set a “market perform” rating on the stock in a research note on Thursday, May 28th. Finally, Royal Bank Of Canada cut their price objective on shares of National Bank of Canada from C$193.00 to C$180.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 25th. Three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$198.83.

National Bank of Canada Trading Up 0.4%

TSE NA opened at C$204.35 on Friday. The company has a fifty day simple moving average of C$199.69 and a two-hundred day simple moving average of C$182.84. The stock has a market cap of C$78.70 billion, a P/E ratio of 18.08, a P/E/G ratio of 7.14 and a beta of 1.40. National Bank of Canada has a 12-month low of C$133.41 and a 12-month high of C$214.78.

National Bank of Canada (TSE:NA) last posted its quarterly earnings results on Wednesday, May 27th. The financial services provider reported C$3.23 earnings per share (EPS) for the quarter. The business had revenue of C$3.91 billion during the quarter. National Bank of Canada had a net margin of 16.87% and a return on equity of 13.77%. As a group, sell-side analysts forecast that National Bank of Canada will post 10.8360791 earnings per share for the current year.

National Bank of Canada Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Friday, May 1st were given a dividend of $1.24 per share. This represents a $4.96 annualized dividend and a yield of 2.4%. The ex-dividend date was Monday, March 30th. National Bank of Canada’s dividend payout ratio (DPR) is currently 42.83%.

National Bank of Canada Company Profile

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.