National Bank of Canada (TSE:NA – Get Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$182.68 and traded as high as C$203.54. National Bank of Canada shares last traded at C$203.44, with a volume of 1,327,997 shares.
Wall Street Analysts Forecast Growth
NA has been the topic of a number of recent analyst reports. Royal Bank Of Canada decreased their target price on shares of National Bank of Canada from C$193.00 to C$180.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 25th. Scotiabank raised their target price on shares of National Bank of Canada from C$202.00 to C$214.00 and gave the stock a “sector outperform” rating in a research note on Monday, May 4th. Canaccord Genuity Group raised their target price on shares of National Bank of Canada from C$204.00 to C$205.00 and gave the stock a “hold” rating in a research note on Friday. TD raised their target price on shares of National Bank of Canada from C$182.00 to C$202.00 and gave the stock a “hold” rating in a research note on Tuesday, May 5th. Finally, BMO Capital Markets raised their target price on shares of National Bank of Canada from C$177.00 to C$195.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$198.83.
View Our Latest Stock Report on National Bank of Canada
National Bank of Canada Stock Performance
National Bank of Canada (TSE:NA – Get Free Report) last announced its quarterly earnings data on Wednesday, May 27th. The financial services provider reported C$3.23 earnings per share (EPS) for the quarter. National Bank of Canada had a net margin of 16.87% and a return on equity of 13.77%. The business had revenue of C$3.91 billion during the quarter. Sell-side analysts expect that National Bank of Canada will post 10.8360791 earnings per share for the current fiscal year.
National Bank of Canada Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Friday, May 1st were issued a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, March 30th. National Bank of Canada’s dividend payout ratio (DPR) is 42.83%.
National Bank of Canada Company Profile
National Bank of Canada is the sixth-largest Canadian bank. The bank offers integrated financial services, primarily in the province of Quebec as well as the city of Toronto. Operational segments include personal and commercial banking, wealth management, and a financial markets group.
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