Shares of National Bank of Canada (TSE:NA) have been assigned an average rating of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$68.36.
A number of equities analysts have commented on NA shares. Barclays increased their target price on National Bank of Canada from C$67.00 to C$69.00 in a report on Thursday, August 30th. Canaccord Genuity cut National Bank of Canada from a “buy” rating to a “hold” rating and set a C$69.00 target price for the company. in a report on Thursday, August 30th. Finally, Desjardins increased their target price on National Bank of Canada from C$64.00 to C$66.00 in a report on Thursday, August 30th.
In related news, Director Louis Vachon sold 12,200 shares of the stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of C$65.04, for a total value of C$793,488.00. Also, insider Alain Legris sold 700 shares of the stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of C$64.71, for a total value of C$45,297.00. In the last ninety days, insiders sold 105,000 shares of company stock valued at $6,826,094.
National Bank of Canada (TSE:NA) last released its quarterly earnings results on Wednesday, August 29th. The financial services provider reported C$1.53 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.49 by C$0.04. The business had revenue of C$1.79 billion during the quarter, compared to analyst estimates of C$1.76 billion. As a group, equities research analysts expect that National Bank of Canada will post 6.36999972745013 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 1st. Investors of record on Monday, September 24th were issued a $0.62 dividend. The ex-dividend date was Friday, September 21st. This represents a $2.48 annualized dividend and a dividend yield of 4.10%. National Bank of Canada’s dividend payout ratio is presently 41.31%.
About National Bank of Canada
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.
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