BMO Capital Markets Raises National Bank of Canada (TSE:NA) Price Target to C$125.00

National Bank of Canada (TSE:NA) had its price target increased by BMO Capital Markets from C$115.00 to C$125.00 in a research report report published on Thursday, BayStreet.CA reports.

Several other research analysts have also recently commented on the stock. CIBC raised their target price on shares of National Bank of Canada from C$122.00 to C$134.00 in a report on Thursday. Royal Bank of Canada lifted their price objective on National Bank of Canada from C$113.00 to C$116.00 in a report on Thursday. Scotiabank increased their target price on National Bank of Canada from C$120.00 to C$129.00 in a report on Thursday. UBS Group set a C$123.00 price target on National Bank of Canada and gave the stock a buy rating in a research report on Tuesday, July 2nd. Finally, Desjardins upped their price objective on shares of National Bank of Canada from C$116.00 to C$118.00 and gave the stock a hold rating in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of C$121.33.

National Bank of Canada Stock Performance

The firm has a market cap of C$42.03 billion, a price-to-earnings ratio of 12.02, a price-to-earnings-growth ratio of 17.04 and a beta of 1.13. The firm has a 50 day moving average price of C$113.71 and a two-hundred day moving average price of C$112.15. National Bank of Canada has a 1-year low of C$84.27 and a 1-year high of C$127.22.

National Bank of Canada (TSE:NA) last announced its earnings results on Wednesday, August 28th. The financial services provider reported C$2.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$2.50 by C$0.18. National Bank of Canada had a net margin of 34.50% and a return on equity of 15.18%. The company had revenue of C$2.98 billion during the quarter, compared to analysts’ expectations of C$2.95 billion. As a group, research analysts expect that National Bank of Canada will post 10.4784081 EPS for the current year.

National Bank of Canada Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Monday, September 30th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of ∞. The ex-dividend date is Friday, September 27th. National Bank of Canada’s payout ratio is 42.84%.

Insiders Place Their Bets

In related news, Director Yvon Charest purchased 325 shares of the stock in a transaction dated Monday, August 19th. The stock was bought at an average cost of C$117.24 per share, for a total transaction of C$38,103.00. In other news, Director Yvon Charest acquired 325 shares of National Bank of Canada stock in a transaction that occurred on Monday, August 19th. The shares were acquired at an average price of C$117.24 per share, for a total transaction of C$38,103.00. Also, Senior Officer Lucie Blanchet sold 8,800 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of C$107.59, for a total value of C$946,792.00. Insiders own 0.21% of the company’s stock.

About National Bank of Canada

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.