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Are Analysts Bullish National Bank of Canada (TSE:NA) After Last Week?

Are Analysts Bullish National Bank of Canada (TSE:NA) After Last Week?”

The stock of Royal Bank of Canada (NYSE:RY) hit a new 52-week high and has $90.80 target or 5.00 % above today's $86.48 share price. Below is a list of National Bank of Canada (TSE:NA) latest ratings and price target changes. Finally, BMO Capital Markets reiterated a "hold" rating and set a $102.00 target price on shares of Royal Bank of Canada in a research report on Wednesday, November 29th. Canaccord Genuity reiterated a "hold" rating and issued a $105.00 target price on shares of Royal Bank of Canada in a research note on Wednesday, November 29th. Raymond James Financial Services Advisors Inc. now owns 20,924 shares of the company's stock worth $486,000 after acquiring an additional 701 shares in the last quarter. About 37,895 shares traded.

The stock increased 0.59% or $0.63 during the last trading session, reaching $106.91. Acadian Asset Management LLC now owns 6,823,428 shares of the financial services provider's stock valued at $559,020,000 after purchasing an additional 79,345 shares during the last quarter. Fieldpoint Private Securities LLC bought a new position in shares of Royal Bank of Canada in the third quarter worth about $153,000.

RBC was followed by Bank of Montreal (TSX:BMO), CIBC (TSX:CM), Scotiabank (TSX:BNS), TD Canada Trust (TSX:TD), National Bank (TSX:NA) and Desjardins Group - a financial co-operative with offices throughout Quebec and parts of Ontario. Mckinley Capital Management LLC Delaware bought a new position in shares of Royal Bank of Canada in the second quarter worth about $191,000.

Laurentian Bank of Canada (LB) traded down C$0.11 during trading on Wednesday, reaching C$52.91. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.04. Moors & Cabot Inc. now owns 26,675 shares of the company's stock worth $623,000 after acquiring an additional 469 shares in the last quarter. They noted that the move was a valuation call.

Among 7 analysts covering National Bank Of Canada (TSE:NA), 4 have Buy rating, 0 Sell and 3 Hold. The company has an average rating of "Hold" and a consensus price target of $97.00. More interesting news about Royal Bank of Canada (NYSE:RY) were released by: Business.Financialpost.com and their article: "RBC first to raise fixed mortgage rate ahead of Bank of Canada decision" published on January 12, 2018 as well as Business.Financialpost.com's news article titled: "RBC boss says chances of NAFTA being scrapped are rising" with publication date: January 09, 2018. Laurentian Bank of Canada has a 1 year low of C$51.57 and a 1 year high of C$62.90. Laurentian Bank of Canada's dividend payout ratio is now 45.64%. The company has a market capitalization of $2,070.00, a P/E ratio of 9.82 and a beta of 0.48.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Thursday, January 25th will be issued a dividend of $0.7157 per share. Royal Bank of Canada's dividend payout ratio is presently 47.13%. This represents a $2.52 dividend on an annualized basis and a yield of 4.76%. If you are viewing this story on another domain, it was illegally stolen and republished in violation of U.S. and global copyright and trademark legislation. The legal version of this piece can be viewed at https://registrarjournal.com/2018/01/19/world-asset-management-inc-lowers-stake-in-royal-bank-of-canada-ry.html. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.

Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service firm worldwide. The firm operates through five divisions: Personal & Commercial Banking, Wealth Management, Insurance, Investor & Treasury Services, and Capital Markets.

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