National Bank of Canada (NA) PT Raised to C$70.00 at Royal Bank Of Canada

National Bank of Canada (TSE:NA) had its target price upped by Royal Bank Of Canada from C$65.00 to C$70.00 in a report published on Monday morning. They currently have an outperform rating on the financial services provider’s stock.

NA has been the topic of a number of other reports. Canaccord Genuity lifted their price target on National Bank of Canada from C$62.00 to C$66.00 in a research note on Wednesday, November 1st. CIBC lifted their price target on National Bank of Canada from C$62.00 to C$68.00 in a research note on Monday, November 13th. BMO Capital Markets lifted their price target on National Bank of Canada from C$60.00 to C$61.00 and gave the company a market perform rating in a research note on Thursday, August 31st. Desjardins lifted their price target on National Bank of Canada from C$62.00 to C$64.00 in a research note on Monday. Finally, TD Securities lifted their price target on National Bank of Canada from C$60.00 to C$61.00 and gave the company a hold rating in a research note on Thursday, August 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of C$64.50.

Shares of National Bank of Canada (NA) opened at C$64.00 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, December 27th will be issued a dividend of $0.60 per share. This is a boost from National Bank of Canada’s previous quarterly dividend of $0.58. This represents a $2.40 annualized dividend and a yield of 3.75%. National Bank of Canada’s payout ratio is currently 42.38%.

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

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National Bank of Canada Company Profile

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