National Bank of Canada (TSE:NA) Given Consensus Recommendation of “Hold” by Analysts

National Bank of Canada (TSE:NA) has been given an average recommendation of “Hold” by the eleven research firms that are presently covering the company, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$143.42.

NA has been the topic of a number of recent research reports. CIBC raised their target price on National Bank of Canada from C$151.00 to C$154.00 and gave the company a “neutral” rating in a report on Friday, September 5th. Royal Bank Of Canada reduced their target price on National Bank of Canada from C$152.00 to C$148.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 28th. Cibc World Mkts raised shares of National Bank of Canada from a “strong sell” rating to a “hold” rating in a research note on Friday, August 1st. Jefferies Financial Group reduced their price target on National Bank of Canada from C$157.00 to C$153.00 and set a “hold” rating on the stock in a research note on Thursday, August 28th. Finally, Scotiabank raised their price target on shares of National Bank of Canada from C$142.00 to C$147.00 and gave the company an “outperform” rating in a research report on Thursday, August 28th.

National Bank of Canada Stock Up 1.3%

NA opened at C$151.19 on Wednesday. The company has a fifty day moving average of C$148.01 and a 200-day moving average of C$135.36. National Bank of Canada has a twelve month low of C$106.67 and a twelve month high of C$155.00. The stock has a market cap of C$59.29 billion, a PE ratio of 14.90, a price-to-earnings-growth ratio of 7.14 and a beta of 1.10.

National Bank of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, November 1st. Stockholders of record on Monday, September 29th will be given a dividend of $1.18 per share. This represents a $4.72 dividend on an annualized basis and a dividend yield of 3.1%. National Bank of Canada’s dividend payout ratio (DPR) is presently 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.