Canaccord Genuity analyst Scott Chan CFA maintained a Hold rating on National Bank of Canada (NTIOF) on February 18 and set a price target of C$76.00. The company’s shares closed last Wednesday at $63.55, close to its 52-week high of $63.59.
According to TipRanks.com, CFA is a 4-star analyst with an average return of 6.8% and a 56.3% success rate. CFA covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Toronto Dominion Bank, and Royal Bank Of Canada.
Currently, the analyst consensus on National Bank of Canada is a Hold with an average price target of $63.58, which is a 3.5% upside from current levels. In a report issued on February 16, Barclays also maintained a Hold rating on the stock with a C$81.00 price target.
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National Bank of Canada’s market cap is currently $21.35B and has a P/E ratio of 13.70. The company has a Price to Book ratio of 2.36.
Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NTIOF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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 Personal and Commercial segment involves in banking, financing, and investing services offered to individuals and businesses as well as insurance operations. The Wealth Management segment focuses on the investment solutions, trust and lending services, and other wealth management solutions offered through internal and third-party distribution networks. The Financial Markets segment includes banking and investment banking services and financial solutions for large and mid-size corporations, public sector organizations, and institutional investors. The USSF&I segment comprises specialty finance expertise activities of subsidiary ABA Bank, which offers financial products and services to individuals and businesses; and activities of targeted investments in certain emerging markets. The Other segment encompasses treasury activities such as asset and liability management, liquidity management and funding operations, certain non-recurring items, and unallocated portion of corporate services. The company was founded on May 4, 1859 and is headquartered in Montreal, Canada.
