Analysts Set National Bank of Canada (NA) Target Price at $67.50


Shares of National Bank of Canada (TSE:NA) have been assigned a consensus recommendation of “Hold” from the ten brokerages that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$67.50.


Several research firms recently weighed in on NA. Barclays raised their price objective on National Bank of Canada from C$64.00 to C$65.00 in a research note on Thursday, March 1st. BMO Capital Markets raised their price objective on National Bank of Canada from C$67.00 to C$69.00 and gave the company a “market perform” rating in a research note on Thursday, March 1st. Canaccord Genuity raised their price objective on National Bank of Canada from C$67.00 to C$68.00 and gave the company a “buy” rating in a research note on Thursday, March 1st. Eight Capital raised their price objective on National Bank of Canada from C$67.00 to C$68.00 and gave the company a “neutral” rating in a research note on Thursday, March 1st. Finally, TD Securities raised their price objective on National Bank of Canada from C$68.00 to C$69.00 and gave the company a “hold” rating in a research note on Thursday, March 1st.


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In related news, Director Brian A. Davis sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, March 20th. The stock was sold at an average price of C$63.31, for a total value of C$63,310.00.

Shares of NA traded up C$0.05 during trading hours on Monday, hitting C$63.24. 649,400 shares of the company were exchanged, compared to its average volume of 1,043,192. National Bank of Canada has a fifty-two week low of C$52.36 and a fifty-two week high of C$65.68.


National Bank of Canada (TSE:NA) last released its earnings results on Wednesday, February 28th. The financial services provider reported C$1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.41 by C$0.07. The company had revenue of C$1.81 billion for the quarter, compared to analyst estimates of C$1.72 billion. National Bank of Canada had a return on equity of 18.84% and a net margin of 30.45%.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 1st. Investors of record on Monday, March 26th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Friday, March 23rd.


National Bank of Canada Company Profile

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.

Analyst Recommendations for National Bank of Canada (TSE:NA)

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