National Bank of Canada (TSE:NA) Price Target Raised to C$206.50

National Bank of Canada (TSE:NA) had its price objective boosted by Raymond James Financial from C$200.00 to C$206.50 in a research note released on Wednesday morning,BayStreet.CA reports. The firm currently has a market perform rating on the financial services provider’s stock.

Several other equities analysts also recently issued reports on NA. Scotiabank upped their price objective on shares of National Bank of Canada from C$202.00 to C$214.00 and gave the company a “sector outperform” rating in a research note on Monday, May 4th. Desjardins upped their price objective on shares of National Bank of Canada from C$200.00 to C$215.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. TD upped their price objective on shares of National Bank of Canada from C$182.00 to C$202.00 and gave the company a “hold” rating in a research note on Tuesday, May 5th. Canadian Imperial Bank of Commerce upped their price objective on shares of National Bank of Canada from C$189.00 to C$193.00 in a research note on Thursday, February 26th. Finally, Barclays upped their price objective on shares of National Bank of Canada from C$177.00 to C$183.00 and gave the company an “equal weight” rating in a research note on Thursday, February 26th. Three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$195.38.

National Bank of Canada Price Performance

NA stock opened at C$204.62 on Wednesday. The company’s 50 day simple moving average is C$192.66 and its 200-day simple moving average is C$177.86. The firm has a market capitalization of C$79.21 billion, a PE ratio of 19.73, a P/E/G ratio of 7.14 and a beta of 1.30. National Bank of Canada has a 12 month low of C$127.47 and a 12 month high of C$209.89.

National Bank of Canada (TSE:NA) last announced its quarterly earnings data on Wednesday, February 25th. The financial services provider reported C$3.25 earnings per share (EPS) for the quarter. The business had revenue of C$3.89 billion for the quarter. National Bank of Canada had a net margin of 15.85% and a return on equity of 12.83%. As a group, sell-side analysts anticipate that National Bank of Canada will post 10.8360791 earnings per share for the current year.

National Bank of Canada Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, May 1st were paid a dividend of $1.24 per share. The ex-dividend date of this dividend was Monday, March 30th. This represents a $4.96 dividend on an annualized basis and a yield of 2.4%. National Bank of Canada’s dividend payout ratio (DPR) is currently 45.71%.

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.