National Bank of Canada Receives Consensus Rating of “Hold” from Analysts (TSE:NA)
Shares of National Bank of Canada (TSE:NA) have received a consensus rating of “Hold” from the ten brokerages that are currently covering the company, AnalystRatingsNetwork.com reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$49.50.
A number of analysts have recently weighed in on NA shares. Analysts at CIBC raised their price target on shares of National Bank of Canada from C$49.00 to C$51.00 in a research note on Tuesday. They now have an “underperform” rating on the stock. Separately, analysts at Scotiabank reiterated a “sector perform” rating on shares of National Bank of Canada in a research note on Friday, June 13th. They now have a C$49.00 price target on the stock. Finally, analysts at TD Securities raised their price target on shares of National Bank of Canada from C$49.00 to C$50.00 in a research note on Monday, June 9th. They now have a “hold” rating on the stock.
National Bank of Canada (TSE:NA) traded down 0.33% during mid-day trading on Wednesday, hitting $48.53. 238,361 shares of the company’s stock traded hands. National Bank of Canada has a 52-week low of $38.42 and a 52-week high of $49.41. The stock’s 50-day moving average is $47.17 and its 200-day moving average is $45.31. The company has a market cap of $15.892 billion and a P/E ratio of 10.57.
National Bank of Canada (TSE:NA) is a bank.
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