Analysis: National Bank Of Canada (TSE:NA) Price Target Upgraded Today
In a recent research report issued to clients by Bank of America (Merrill Lynch) on Thursday, 3 December, the firm, National Bank Of Canada (TSE:NA), had their target price per share downgraded to $55.00. Analusts now have a solid Buy rating on the stock.
From a total of 12 analysts covering National Bank Of Canada (TSE:NA) stock, 3 rate it a ”Buy”, 1 a “Sell”, and 9 a ”Hold”. This means that 23% of the ratings are positive. The highest target price is $41.3 while the lowest target price is $33.79. The mean of all analyst targets is $36.48 with a 12.11% above today’s ($43.11) stock price. National Bank Of Canada was the topic of 14 analyst reports since August 12, 2015 according to the firm StockzIntelligence Inc.
Approximately 1.11M shares of stock traded hands or 11.03% up from the average. National Bank of Canada (TSE:NA) has declined 9.93% since April 30, 2015 and is downtrending. It has underperformed by 9.64% the S&P500.
National Bank of Canada is an integrated well-known provider of financial services to retail, commercial, corporate and institutional clients. The company has a market cap of $14.83 billion. The Bank offers a range of services that include banking and investment solutions, securities brokerage, insurance and wealth management. It has 9.64 P/E ratio. The Bank operates in three business divisions: Personal and Commercial, Wealth Management and Financial Markets.