National Bank of Canada Receives Consensus Rating of “Hold” from Brokerages (TSE:NA)
Shares of National Bank of Canada (TSE:NA) have been given an average recommendation of “Hold” by the ten ratings firms that are covering the stock, Analyst Ratings.Net reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on 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, August 12th. 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) opened at 48.84 on Wednesday. National Bank of Canada has a one year low of $38.815 and a one year high of $49.41. The stock has a 50-day moving average of $47.48 and a 200-day moving average of $45.40. The company has a market cap of $15.994 billion and a price-to-earnings ratio of 10.61.
National Bank of Canada (TSE:NA) is a bank.
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