BMO Capital Markets Raises National Bank of Canada (NA) Price Target to C$61.00

National Bank of Canada (TSE:NA) had its target price boosted by BMO Capital Markets from C$60.00 to C$61.00 in a research note published on Thursday, August 31st. They currently have a market perform rating on the financial services provider’s stock.

Several other equities research analysts have also weighed in on NA. Barclays PLC upgraded shares of National Bank of Canada from an equal weight rating to an overweight rating in a report on Tuesday, May 23rd. Eight Capital increased their target price on shares of National Bank of Canada from C$60.00 to C$62.00 in a report on Thursday, June 1st. Scotiabank increased their target price on shares of National Bank of Canada from C$60.00 to C$61.00 and gave the stock an outperform rating in a report on Monday, August 21st. TD Securities increased their target price on shares of National Bank of Canada from C$60.00 to C$61.00 and gave the stock a hold rating in a report on Thursday, August 31st. Finally, Royal Bank Of Canada increased their target price on shares of National Bank of Canada from C$62.00 to C$65.00 and gave the stock an outperform rating in a report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of C$60.75.

National Bank of Canada (TSE:NA) traded down 0.50% during trading on Thursday, reaching $57.62. 4,168,489 shares of the company’s stock traded hands. The firm’s 50 day moving average is $56.32 and its 200 day moving average is $55.31. National Bank of Canada has a 12 month low of $45.11 and a 12 month high of $59.12. The company has a market cap of $19.68 billion and a P/E ratio of 12.20.

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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Monday, September 25th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 4.03%. The ex-dividend date is Friday, September 22nd.

About National Bank of Canada

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