National Bank of Canada (NA), the Financial sector company was revisited on November 6, yet the Wall Street analyst remains currently on the sidelines. Analyst Douglas Young from Desjardins remains neutral on the stock and has a C$64 price target.
According to TipRanks.com, Young is a 4-star analyst with an average return of 5.8% and a 62.9% success rate. Young covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and National Bank of Canada.
National Bank of Canada has an analyst consensus of Hold, with a price target consensus of C$68.25.
Based on National Bank of Canada’s latest earnings release for the quarter ending July 31, the company reported a quarterly revenue of C$2.72 billion and net profit of C$546 million. In comparison, last year the company earned revenue of C$2.36 billion and had a net profit of C$506 million.
National Bank of Canada engages in the provision of commercial banking and financial services. It operates through the following segments: Personal and Commercial, Wealth Management, Financial Markets, US Specialty Finance and International (USSF&I), and Other.
The company’s shares closed on Wednesday at C$60.29.
