The Financial sector company, National Bank of Canada (TSX: NA), has received a rating update from a Wall Street analyst yesterday. The company received a Hold rating from Barclays’ analyst John Aiken, with a C$69 price target.
Aiken has an average return of 20.3% when recommending National Bank of Canada.
According to TipRanks.com, Aiken is ranked #4576 out of 4877 analysts.
Currently, the analyst consensus on National Bank of Canada is a Hold with an average price target of C$69.17, a 6.0% upside from current levels. In a report released yesterday, Canaccord Genuity also downgraded the stock to Hold with a C$69 price target.
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The company has a one-year high of C$65.95 and a one-year low of C$54.58. Currently, National Bank of Canada has an average volume of 831.5K.
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$65.27, close to its 52-week high of C$65.95.
