Barclays Issues Positive Forecast for National Bank of Canada (TSE:NA) Stock Price

National Bank of Canada (TSE:NA) had its price objective raised by Barclays from C$164.00 to C$177.00 in a research note published on Thursday,BayStreet.CA reports.

Other analysts have also recently issued research reports about the stock. Jefferies Financial Group boosted their target price on shares of National Bank of Canada from C$156.00 to C$165.00 in a report on Wednesday, February 11th. Desjardins boosted their price objective on shares of National Bank of Canada from C$180.00 to C$182.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Raymond James Financial upped their price objective on shares of National Bank of Canada from C$173.00 to C$179.00 and gave the stock a “market perform” rating in a report on Tuesday. TD Securities decreased their target price on shares of National Bank of Canada from C$181.00 to C$175.00 in a research note on Monday, February 9th. Finally, BMO Capital Markets boosted their price target on National Bank of Canada from C$172.00 to C$177.00 in a research report on Wednesday, December 17th. Four investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$171.00.

National Bank of Canada Stock Performance

NA stock opened at C$176.53 on Thursday. National Bank of Canada has a fifty-two week low of C$106.67 and a fifty-two week high of C$177.54. The company has a market capitalization of C$68.90 billion, a price-to-earnings ratio of 17.53, a price-to-earnings-growth ratio of 7.14 and a beta of 1.05. The business’s 50 day moving average price is C$171.24 and its two-hundred day moving average price is C$160.22.

National Bank of Canada (TSE:NA) last released its earnings results on Wednesday, December 3rd. The financial services provider reported C$2.82 EPS for the quarter. The company had revenue of C$3.70 billion during the quarter. National Bank of Canada had a return on equity of 15.43% and a net margin of 19.69%. Sell-side analysts forecast that National Bank of Canada will post 10.8360791 earnings per share for the current year.

National Bank of Canada Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, February 1st. Stockholders of record on Sunday, February 1st were issued a dividend of $1.24 per share. The ex-dividend date was Monday, December 29th. This is a positive change from National Bank of Canada’s previous quarterly dividend of $1.18. This represents a $4.96 dividend on an annualized basis and a dividend yield of 2.8%. National Bank of Canada’s dividend payout ratio is currently 46.08%.

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.