The National Bank of Canada (NA) Downgraded by CSFB to Underperform

The National Bank of Canada (NA) Downgraded by CSFB to Underperform

CSFB downgraded shares of National Bank of Canada (TSE:NA) from a neutral rating to an underperform rating in a research report released on Tuesday morning. They currently have C$54.00 target price on the stock, up from their previous target price of C$51.00.

NA has been the subject of several other research reports. Desjardins increased their target price on National Bank of Canada from C$51.00 to C$54.00 in a research report on Wednesday, December 21st. Canaccord Genuity increased their target price on National Bank of Canada from C$51.00 to C$53.00 in a research report on Tuesday, November 22nd. Barclays PLC increased their target price on National Bank of Canada from C$48.00 to C$52.00 in a research report on Monday, December 5th. Dundee Securities increased their target price on National Bank of Canada from C$52.00 to C$57.00 in a research report on Thursday, December 22nd. Finally, TD Securities increased their target price on National Bank of Canada from C$52.00 to C$54.00 and gave the stock a hold rating in a research report on Monday, December 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of C$53.75.

Shares of National Bank of Canada (TSE:NA) opened at 55.38 on Tuesday. National Bank of Canada has a 12 month low of $34.86 and a 12 month high of $56.18. The company has a market cap of $18.72 billion and a P/E ratio of 16.83. The firm has a 50-day moving average price of $54.82 and a 200 day moving average price of $48.60.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Wednesday, December 28th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 4.04%. The ex-dividend date is Friday, December 23rd. This is a boost from National Bank of Canada’s previous quarterly dividend of $0.55.

About National Bank of Canada

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