National Bank of Canada (TSE:NA) – Research analysts at Cormark issued their FY2019 earnings estimates for National Bank of Canada in a report released on Friday. Cormark analyst M. Grauman anticipates that the financial services provider will post earnings of $6.06 per share for the year.
Other research analysts also recently issued reports about the company. BMO Capital Markets upped their price objective on National Bank of Canada from C$60.00 to C$61.00 and gave the stock a “market perform” rating in a research note on Thursday, August 31st. Scotiabank upped their price objective on National Bank of Canada from C$60.00 to C$61.00 and gave the company an “outperform” rating in a report on Monday, August 21st. Canaccord Genuity upped their price objective on National Bank of Canada from C$60.00 to C$62.00 in a report on Thursday, August 31st. CIBC upped their price objective on National Bank of Canada from C$62.00 to C$68.00 in a report on Monday, November 13th. Finally, Royal Bank Of Canada upped their target price on National Bank of Canada from C$62.00 to C$65.00 and gave the company an “outperform” rating in a report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$61.58.
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National Bank of Canada (NA) traded up C$0.16 on Monday, reaching C$63.57. The company’s stock had a trading volume of 633,922 shares, compared to its average volume of 1,092,503. National Bank of Canada has a 52 week low of C$48.62 and a 52 week high of C$63.86.
In related news, insider Elaine Marchand sold 6,100 shares of National Bank of Canada stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of C$59.50, for a total value of C$362,950.00. Also, insider Jean Dagenais sold 10,000 shares of National Bank of Canada stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of C$58.45, for a total value of C$584,500.00. In the last 90 days, insiders have purchased 16,900 shares of company stock valued at $988,018 and have sold 17,100 shares valued at $980,254.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Monday, September 25th were given a dividend of $0.58 per share. The ex-dividend date was Friday, September 22nd. This represents a $2.32 annualized dividend and a dividend yield of 3.65%. National Bank of Canada’s dividend payout ratio (DPR) is presently 47.17%.
About National Bank of Canada
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