Yesterday, an analyst has provided a rating update for the Financial sector company, National Bank of Canada (NA). The company received a Hold rating from Canaccord Genuity’s analyst Scott Chan CFA, with a C$65 price target.
According to TipRanks.com, CFA is a 1-star analyst with an average return of -0.9% and a 45.7% success rate. CFA covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and National Bank of Canada.
The word on The Street in general, suggests a Hold analyst consensus rating for National Bank of Canada with a C$65.50 average price target.
Based on National Bank of Canada’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of C$2.9 billion and net profit of C$536 million. In comparison, last year the company earned revenue of C$2.56 billion and had a net profit of C$522 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$63.30.
