National Bank of Canada (TSE:NA) Receives Average Recommendation of “Hold” from Brokerages

National Bank of Canada (TSE:NA) has earned a consensus rating of “Hold” from the eleven brokerages that are covering the company, Marketbeat.com reports. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$144.42.

A number of equities analysts recently commented on the company. Jefferies Financial Group reduced their price objective on National Bank of Canada from C$157.00 to C$153.00 and set a “hold” rating on the stock in a research report on Thursday, August 28th. Barclays boosted their price target on shares of National Bank of Canada from C$141.00 to C$147.00 and gave the company an “equal weight” rating in a research note on Thursday, August 14th. CIBC increased their target price on National Bank of Canada from C$151.00 to C$154.00 and gave the stock a “neutral” rating in a research note on Friday, September 5th. Cibc World Mkts upgraded shares of National Bank of Canada from a “strong sell” rating to a “hold” rating in a report on Friday, August 1st. Finally, Desjardins decreased their price objective on National Bank of Canada from C$150.00 to C$149.00 and set a “hold” rating for the company in a research note on Thursday, August 28th.

National Bank of Canada Trading Up 0.6%

Shares of NA opened at C$156.70 on Friday. The firm has a market cap of C$61.45 billion, a P/E ratio of 15.44, a PEG ratio of 7.14 and a beta of 1.10. The stock’s 50 day moving average is C$150.13 and its two-hundred day moving average is C$140.52. National Bank of Canada has a 12 month low of C$106.67 and a 12 month high of C$156.96.

National Bank of Canada Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, November 1st. Shareholders of record on Monday, September 29th were issued a dividend of $1.18 per share. This represents a $4.72 annualized dividend and a dividend yield of 3.0%. National Bank of Canada’s payout ratio is 44.93%.

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.