National Bank of Canada (TSE:NA) PT Raised to C$68.00

National Bank of Canada (TSE:NA) had its price objective hoisted by Desjardins from C$64.00 to C$68.00 in a research note published on Tuesday, BayStreet.CA reports. They currently have a hold rating on the financial services provider’s stock. Desjardins also issued estimates for National Bank of Canada’s FY2021 earnings at $6.90 EPS.

NA has been the topic of several other research reports. TD Securities lifted their price objective on National Bank of Canada from C$64.00 to C$65.00 and gave the company a hold rating in a report on Thursday, August 29th. BMO Capital Markets cut their target price on National Bank of Canada from C$69.00 to C$66.00 in a research note on Thursday, August 29th. CSFB cut National Bank of Canada from a neutral rating to an underperform rating and cut their target price for the company from C$64.00 to C$62.00 in a research note on Friday, September 6th. Finally, Eight Capital boosted their target price on National Bank of Canada from C$63.00 to C$66.00 in a research note on Wednesday, September 4th.

TSE:NA opened at C$69.39 on Tuesday. National Bank of Canada has a fifty-two week low of C$54.37 and a fifty-two week high of C$69.43. The stock has a market capitalization of $23.06 billion and a PE ratio of 11.21. The business’s 50-day simple moving average is C$66.86 and its 200-day simple moving average is C$63.75.

National Bank of Canada (TSE:NA) last released its quarterly earnings data on Wednesday, August 28th. The financial services provider reported C$1.66 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.61 by C$0.05. The business had revenue of C$1.95 billion for the quarter, compared to the consensus estimate of C$1.95 billion. Equities analysts anticipate that National Bank of Canada will post 6.5399995 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Monday, September 30th were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 3.92%. National Bank of Canada’s payout ratio is 42.00%.

In other National Bank of Canada news, Senior Officer Dominique Fagnoule sold 14,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of C$65.13, for a total value of C$911,820.00.

National Bank of Canada Company Profile

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.

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