National Bank of Canada (TSE:NA) PT Lowered to C$119.00 at Jefferies Financial Group

National Bank of Canada (TSE:NA) had its target price trimmed by Jefferies Financial Group from C$121.00 to C$119.00 in a research report report published on Monday morning, BayStreet.CA reports. The firm currently has a hold rating on the financial services provider’s stock.

NA has been the subject of several other reports. Scotiabank dropped their target price on National Bank of Canada from C$119.00 to C$116.00 and set a hold rating for the company in a research note on Tuesday, June 18th. Royal Bank of Canada upped their price target on National Bank of Canada from C$109.00 to C$113.00 and gave the stock a sector perform rating in a research note on Thursday, May 30th. UBS Group set a C$123.00 price target on National Bank of Canada and gave the stock a buy rating in a research note on Tuesday, July 2nd. Canaccord Genuity Group upped their price target on National Bank of Canada from C$109.00 to C$117.00 and gave the stock a hold rating in a research note on Thursday, May 30th. Finally, BMO Capital Markets dropped their price target on National Bank of Canada from C$121.00 to C$115.00 and set an outperform rating for the company in a research note on Tuesday, June 18th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Hold and an average target price of C$114.54.

National Bank of Canada Trading Up 0.7 %

National Bank of Canada stock opened at C$115.26 on Monday. The firm has a market capitalization of C$39.17 billion, a P/E ratio of 12.13, a PEG ratio of 17.04 and a beta of 1.12. The stock has a fifty day moving average price of C$111.76 and a 200 day moving average price of C$110.88. National Bank of Canada has a 52 week low of C$84.27 and a 52 week high of C$118.77.

National Bank of Canada (TSE:NA) last released its earnings results on Wednesday, May 29th. The financial services provider reported C$2.54 EPS for the quarter, beating the consensus estimate of C$2.43 by C$0.11. The firm had revenue of C$2.84 billion during the quarter, compared to analyst estimates of C$2.89 billion. National Bank of Canada had a return on equity of 14.73% and a net margin of 34.22%. As a group, equities analysts predict that National Bank of Canada will post 9.8686007 EPS for the current year.

National Bank of Canada Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Monday, June 24th were given a $1.10 dividend. This is an increase from National Bank of Canada’s previous quarterly dividend of $1.06. The ex-dividend date of this dividend was Monday, June 24th. This represents a $4.40 annualized dividend and a dividend yield of 3.82%. National Bank of Canada’s dividend payout ratio is presently 44.63%.

Insider Transactions at National Bank of Canada

In other National Bank of Canada news, Director Yvon Charest purchased 324 shares of National Bank of Canada stock in a transaction that occurred on Tuesday, May 21st. The stock was purchased at an average price of C$116.20 per share, with a total value of C$37,648.80. In other National Bank of Canada news, Director Yvon Charest purchased 324 shares of National Bank of Canada stock in a transaction that occurred on Tuesday, May 21st. The stock was purchased at an average price of C$116.20 per share, with a total value of C$37,648.80. Also, Senior Officer Lucie Blanchet sold 8,800 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of C$107.59, for a total value of C$946,792.00. Company insiders own 0.20% of the company’s stock.

National Bank of Canada Company Profile

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.