National Bank of Canada (TSE:NA) Receives Average Rating of “Hold” from Analysts

National Bank of Canada (TSE:NA) has earned an average recommendation of “Hold” from the twelve analysts that are currently covering the company, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$161.92.

Several research firms have commented on NA. Desjardins raised their price objective on National Bank of Canada from C$167.00 to C$175.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. CIBC boosted their price target on National Bank of Canada from C$174.00 to C$179.00 and gave the stock a “neutral” rating in a research report on Thursday. Scotiabank increased their price objective on shares of National Bank of Canada from C$166.00 to C$184.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Canaccord Genuity Group boosted their target price on shares of National Bank of Canada from C$160.00 to C$166.00 in a research report on Thursday, December 4th. Finally, TD Securities raised their price target on shares of National Bank of Canada from C$161.00 to C$181.00 and gave the company a “hold” rating in a report on Thursday, December 4th.

National Bank of Canada Price Performance

TSE NA opened at C$172.62 on Monday. National Bank of Canada has a 1-year low of C$106.67 and a 1-year high of C$175.99. The firm has a market capitalization of C$67.70 billion, a P/E ratio of 17.14, a P/E/G ratio of 7.14 and a beta of 1.13. The business’s 50-day simple moving average is C$160.07 and its 200-day simple moving average is C$149.44.

National Bank of Canada (TSE:NA) last posted its quarterly earnings results on Wednesday, December 3rd. The financial services provider reported C$2.82 EPS for the quarter. National Bank of Canada had a net margin of 19.69% and a return on equity of 15.43%. The firm had revenue of C$3.70 billion for the quarter. On average, equities research analysts expect that National Bank of Canada will post 10.8360791 EPS for the current fiscal year.

About National Bank of Canada

National Bank of Canada is the sixth-largest Canadian bank. The bank offers integrated financial services, primarily in the province of Quebec as well as the city of Toronto. Operational segments include personal and commercial banking, wealth management, and a financial markets group.