Now that we've arrived in April, and bank shares seem unwilling to come back more than just a little, RBA analysts have done the inevitable: they have started downgrading bank stocks.
Among the top four banks in Australia National is the only one that did not receive a recommendation downgrade. Guess why?
Target price is $14.97 Current Price is $20.32 Difference:($5.35) - (brackets indicate current price is over target). If NAB meets the RBS Australia target it will return approximately - 26% (excluding dividends, fees and charges - negative figures indicate an expected loss).
The company's fiscal year ends in September. RBS Australia forecasts a full year FY09 dividend of 145.00 cents and EPS of 213.30 cents . At the last closing share price the estimated dividend yield is 7.14%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 9.53.
Market Sentiment: 0.
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