Trade Report: Today, Canaccord Genuity Raises National Bank of Canada (NA) Price Target to C$53.00

Today, Canaccord Genuity Raises National Bank of Canada (NA) Price Target to C$53.00

National Bank of Canada (TSE:NA) had its price objective hoisted by Canaccord Genuity from C$51.00 to C$53.00 in a research report released on Tuesday morning.

NA has been the subject of several other reports. CIBC boosted their price objective on National Bank of Canada from C$45.00 to C$47.00 in a research report on Thursday, September 1st. Royal Bank Of Canada boosted their target price on National Bank of Canada from C$53.00 to C$57.00 and gave the stock an outperform rating in a report on Thursday, September 1st. TD Securities boosted their target price on National Bank of Canada from C$43.00 to C$47.00 and gave the stock a hold rating in a report on Thursday, September 1st. CSFB boosted their target price on National Bank of Canada from C$50.00 to C$51.00 in a report on Thursday, September 1st. Finally, Scotiabank reissued an outperform rating and set a C$50.00 target price on shares of National Bank of Canada in a report on Thursday, September 1st. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of Hold and an average target price of C$50.58.

Shares of National Bank of Canada (TSE:NA) opened at 49.81 on Tuesday. National Bank of Canada has a 12-month low of $34.86 and a 12-month high of $50.00. The firm has a market cap of $16.82 billion and a PE ratio of 14.40. The stock’s 50 day moving average price is $47.35 and its 200 day moving average price is $45.70.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 1st. Shareholders of record on Monday, September 26th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 4.42%. The ex-dividend date was Thursday, September 22nd.

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