National Bank of Canada (TSE:NA) Receives Consensus Rating of “Moderate Buy” from Brokerages


National Bank of Canada (TSE:NA – Get Rating) stock has received an average rating of “hold” from the 12 brokers covering the stock, reports Marketbeat. Three equities research analysts have assigned a hold rating to the stock and two have assigned a buy rating to the company. The average 12-month price target from brokers who have updated their coverage of the stock over the last year is CAD$104.75.

Several analysts recently rated the stock. Scotiabank raised its target price on shares of National Bank of Canada to C$112.00 from C$107.00 in a report on Thursday, August 18. CIBC lowered its price target on shares of National Bank of Canada to $100.00 from $104.00 in a research note on Wednesday, September 7th. The Canaccord Genuity Group lowered its price target on shares of National Bank of Canada to CAD100.00 from CAD101.00 in a research note on Thursday, August 25. Cormark raised its target price on National Bank of Canada shares to CAD115.00 from CAD114.00 in a research report on Friday, August 26. Finally, the Royal Bank of Canada raised its target price on National Bank of Canada shares to CAD109.00 from CAD103.00 and gave the company a “sector performance” rating in a research report on Monday, May 30. .

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National Bank of Canada down 3.3%

TSE NA opened at CAD$85.73 on Friday. The National Bank of Canada has a 1-year low of $82.38 and a 1-year high of $106.10. The company’s 50-day simple moving average is $90.24 and the 200-day simple moving average is $91.63. The company has a market cap of CA$28.85 billion and a P/E of 8.80.

National Bank of Canada dividend announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Monday, September 26 will receive a dividend of $0.92. That equates to an annual dividend of $3.68 and a yield of 4.29%. The ex-dividend date is Friday September 23rd. The National Bank of Canada’s dividend payout ratio (DPR) is 34.60%.

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insider activity

In other news from the National Bank of Canada, Director Laurent Ferreira acquired 2,000 shares of the company in a transaction on Friday, August 26. The shares were acquired at an average price of $89.70 per share for a total transaction of $179,400.00. Following the purchase, the Director now directly owns 73,400 shares of the Company, valued at approximately $6,583,980.

About the National Bank of Canada

(received rating)

The National Bank of Canada offers a variety of financial products and services to individual, business, corporate and institutional customers in Canada and internationally. The Company operates through four segments: Personal and Commercial, Wealth Management, Financial Markets and US Specialty Finance and International.

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See also

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

This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send questions or comments about this story to [email protected]

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