National Bank of Canada (TSE:NA) Given Average Rating of “Hold” by Brokerages

Shares of National Bank of Canada (TSE:NA) have received an average recommendation of “Hold” from the eleven brokerages that are presently covering the company, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$143.42.

NA has been the topic of several recent research reports. Canaccord Genuity Group upped their price target on National Bank of Canada from C$136.00 to C$138.00 and gave the stock a “hold” rating in a report on Tuesday, June 24th. CIBC lifted their price target on National Bank of Canada from C$151.00 to C$154.00 and gave the stock a “neutral” rating in a report on Friday, September 5th. Desjardins decreased their price target on National Bank of Canada from C$150.00 to C$149.00 and set a “hold” rating for the company in a report on Thursday, August 28th. Royal Bank Of Canada decreased their price target on National Bank of Canada from C$152.00 to C$148.00 and set a “sector perform” rating for the company in a report on Thursday, August 28th. Finally, Scotiabank lifted their price target on National Bank of Canada from C$142.00 to C$147.00 and gave the stock an “outperform” rating in a report on Thursday, August 28th.

National Bank of Canada Price Performance

Shares of TSE NA opened at C$148.31 on Friday. The stock’s 50-day moving average is C$145.20 and its two-hundred day moving average is C$131.41. National Bank of Canada has a 1-year low of C$106.67 and a 1-year high of C$151.97. The company has a market cap of C$58.13 billion, a price-to-earnings ratio of 14.61, a price-to-earnings-growth ratio of 7.14 and a beta of 1.06.

National Bank of Canada Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, November 1st. Shareholders of record on Monday, September 29th will be issued a dividend of $1.18 per share. This represents a $4.72 dividend on an annualized basis and a yield of 3.2%. National Bank of Canada’s dividend payout ratio (DPR) is 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.