National Bank of Canada (TSE:NA – Get Rating) stock has received an average rating of “hold” from the 12 brokers covering the stock, reports Marketbeat. Three equities research analysts have assigned a hold rating to the stock and two have assigned a buy rating to the company. The average 12-month price target from brokers who have updated their coverage of the stock over the last year is CAD$104.75.
Several analysts recently rated the stock. Scotiabank raised its target price on shares of National Bank of Canada to C$112.00 from C$107.00 in a report on Thursday, August 18. CIBC lowered its price target on shares of National Bank of Canada to $100.00 from $104.00 in a research note on Wednesday, September 7th. The Canaccord Genuity Group lowered its price target on shares of National Bank of Canada to CAD100.00 from CAD101.00 in a research note on Thursday, August 25. Cormark raised its target price on National Bank of Canada shares to CAD115.00 from CAD114.00 in a research report on Friday, August 26. Finally, the Royal Bank of Canada raised its target price on National Bank of Canada shares to CAD109.00 from CAD103.00 and gave the company a “sector performance” rating in a research report on Monday, May 30. .
National Bank of Canada down 3.3%
TSE NA opened at CAD$85.73 on Friday. The National Bank of Canada has a 1-year low of $82.38 and a 1-year high of $106.10. The company’s 50-day simple moving average is $90.24 and the 200-day simple moving average is $91.63. The company has a market cap of CA$28.85 billion and a P/E of 8.80.
National Bank of Canada dividend announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Monday, September 26 will receive a dividend of $0.92. That equates to an annual dividend of $3.68 and a yield of 4.29%. The ex-dividend date is Friday September 23rd. The National Bank of Canada’s dividend payout ratio (DPR) is 34.60%.
In other news from the National Bank of Canada, Director Laurent Ferreira acquired 2,000 shares of the company in a transaction on Friday, August 26. The shares were acquired at an average price of $89.70 per share for a total transaction of $179,400.00. Following the purchase, the Director now directly owns 73,400 shares of the Company, valued at approximately $6,583,980.
About the National Bank of Canada
The National Bank of Canada offers a variety of financial products and services to individual, business, corporate and institutional customers in Canada and internationally. The Company operates through four segments: Personal and Commercial, Wealth Management, Financial Markets and US Specialty Finance and International.
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