National Bank of Canada (NA) Price Target Cut to C$69.00 by Analysts at Eight Capital

National Bank of Canada (TSE:NA) had its price target trimmed by Eight Capital from C$70.00 to C$69.00 in a research note published on Thursday.

Several other brokerages have also issued reports on NA. Barclays increased their price target on shares of National Bank of Canada from C$67.00 to C$69.00 in a research note on Thursday, August 30th. Canaccord Genuity lowered shares of National Bank of Canada from a buy rating to a hold rating and set a C$69.00 price objective for the company. in a research note on Thursday, August 30th. Desjardins raised their price objective on shares of National Bank of Canada from C$64.00 to C$66.00 in a research note on Thursday, August 30th. Finally, TD Securities reduced their price objective on shares of National Bank of Canada from C$72.00 to C$68.00 and set a hold rating for the company in a research note on Thursday. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of C$67.36.

Shares of NA opened at C$59.88 on Thursday. National Bank of Canada has a twelve month low of C$57.58 and a twelve month high of C$65.95.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 1st. Shareholders of record on Monday, December 31st will be paid a dividend of $0.65 per share. This is a positive change from National Bank of Canada’s previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a yield of 4.34%. National Bank of Canada’s dividend payout ratio (DPR) is currently 41.31%.

In other National Bank of Canada news, Director Louis Vachon sold 62,800 shares of the firm’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of C$65.01, for a total transaction of C$4,082,628.00. Over the last 90 days, insiders have sold 86,200 shares of company stock valued at $5,604,116.

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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Analyst Recommendations for National Bank of Canada (TSE:NA)

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