National Bank of Canada (NA) Receives Average Rating of “Hold” from Analysts

Shares of National Bank of Canada (TSE:NA) have earned a consensus recommendation of “Hold” from the ten research firms that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$67.50.

A number of analysts have commented on the company. Barclays lifted their price target on National Bank of Canada from C$64.00 to C$65.00 in a research report on Thursday, March 1st. BMO Capital Markets lifted their price target on National Bank of Canada from C$67.00 to C$69.00 and gave the stock a “market perform” rating in a research report on Thursday, March 1st. Canaccord Genuity lifted their price target on National Bank of Canada from C$67.00 to C$68.00 and gave the stock a “buy” rating in a research report on Thursday, March 1st. Eight Capital lifted their price target on National Bank of Canada from C$67.00 to C$68.00 and gave the stock a “neutral” rating in a research report on Thursday, March 1st. Finally, TD Securities lifted their price target on National Bank of Canada from C$68.00 to C$69.00 and gave the stock a “hold” rating in a research report on Thursday, March 1st.

National Bank of Canada traded up C$0.05, hitting C$63.24, on Monday, MarketBeat reports. 649,379 shares of the company’s stock were exchanged, compared to its average volume of 1,043,192. National Bank of Canada has a 12-month low of C$52.36 and a 12-month high of C$65.68.

National Bank of Canada (TSE:NA) last announced its earnings results on Wednesday, February 28th. The financial services provider reported C$1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.41 by C$0.07. National Bank of Canada had a return on equity of 18.84% and a net margin of 30.45%. The firm had revenue of C$1.81 billion for the quarter, compared to the consensus estimate of C$1.72 billion.

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 1st. Shareholders of record on Monday, March 26th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, March 23rd. This represents a $2.40 dividend on an annualized basis and a yield of 3.80%.

In other news, Director Brian A. Davis sold 1,000 shares of the business’s stock in a transaction dated Tuesday, March 20th. The stock was sold at an average price of C$63.31, for a total value of C$63,310.00.

About National Bank of Canada

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.

Analyst Recommendations for National Bank of Canada (TSE:NA)

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