CSFB Raises National Bank of Canada (NA) Price Target to C$61.00

National Bank of Canada (TSE:NA) had its price target lifted by CSFB from C$59.00 to C$61.00 in a research note published on Monday.

NA has been the subject of a number of other research reports. Royal Bank Of Canada upped their price objective on shares of National Bank of Canada from C$62.00 to C$65.00 and gave the stock an outperform rating in a research report on Thursday, August 31st. Canaccord Genuity upped their price objective on shares of National Bank of Canada from C$62.00 to C$66.00 in a research report on Wednesday, November 1st. CIBC upped their price objective on shares of National Bank of Canada from C$62.00 to C$68.00 in a research report on Monday, November 13th. BMO Capital Markets upped their price objective on shares of National Bank of Canada from C$60.00 to C$61.00 and gave the stock a market perform rating in a research report on Thursday, August 31st. Finally, TD Securities upped their price objective on shares of National Bank of Canada from C$60.00 to C$61.00 and gave the stock a hold rating in a research report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of C$64.50.

National Bank of Canada (TSE NA) opened at C$63.38 on Monday. National Bank of Canada has a 12-month low of C$51.41 and a 12-month high of C$64.37.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, December 27th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.79%. This is an increase from National Bank of Canada’s previous quarterly dividend of $0.58. National Bank of Canada’s dividend payout ratio (DPR) is currently 42.38%.

In other National Bank of Canada news, Director Richard Fortin bought 5,000 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was purchased at an average cost of C$57.90 per share, for a total transaction of C$289,500.00. Also, insider Jean Dagenais sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of C$58.45, for a total transaction of C$584,500.00. In the last quarter, insiders bought 16,900 shares of company stock valued at $988,018 and sold 16,900 shares valued at $968,706.

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