National Bank of Canada (TSX: NA), the Financial sector company, was revisited by a Wall Street analyst yesterday. Analyst Douglas Young from Desjardins rated National Bank of Canada (TSX: NA) a Hold, setting a C$66 price target.
According to TipRanks.com, Young is ranked #450 out of 4872 analysts.
Currently, the analyst consensus on National Bank of Canada is a Moderate Buy with an average price target of C$70, which is a 7.2% upside from current levels. In a report released yesterday, Canaccord Genuity also downgraded the stock to Hold with a C$69 price target.
.
National Bank of Canada’s market cap is currently C$22.15B and has a P/E ratio of 11.7. The company has a Price to Book ratio of 2.00.
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.
