National Bank of Canada’s Trend Down, Especially After Today’s Weak Session

 National Bank of Canada's Trend Down, Especially After Today's Weak Session

The stock of National Bank of Canada (TSE:NA) is a huge mover today! About 263,642 shares traded hands. National Bank of Canada (TSE:NA) has risen 12.44% since April 5, 2016 and is uptrending. It has outperformed by 7.66% the S&P500.
The move comes after 6 months negative chart setup for the $16.26 billion company. It was reported on Nov, 9 by Barchart.com. We have $44.82 PT which if reached, will make TSE:NA worth $975.60M less.

National Bank of Canada (TSE:NA) Ratings Coverage

Out of 8 analysts covering National Bank Of Canada (TSE:NA), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. $57 is the highest target while $35 is the lowest. The $49.36 average target is 3.52% above today’s ($47.68) stock price. National Bank Of Canada has been the topic of 38 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock of National Bank of Canada (TSE:NA) earned “Outperform” rating by Scotia Capital on Thursday, September 1. RBC Capital Markets maintained the shares of NA in a report on Thursday, December 3 with “Sector Perform” rating. Dundee Securities maintained National Bank of Canada (TSE:NA) rating on Wednesday, September 21. Dundee Securities has “Neutral” rating and $51 price target. As per Wednesday, June 8, the company rating was maintained by Canaccord Genuity. The rating was maintained by Desjardins Securities with “Hold” on Thursday, September 1. The firm has “Sector Perform” rating given on Thursday, August 27 by Scotia Capital. The stock of National Bank of Canada (TSE:NA) earned “Hold” rating by TD Securities on Monday, September 19. The firm has “Sector Perform” rating by RBC Capital Markets given on Tuesday, September 29. As per Friday, June 3, the company rating was upgraded by RBC Capital Markets.

More notable recent National Bank of Canada (TSE:NA) news were published by: Theglobeandmail.com which released: “National Bank of Canada in inaugural panda bond sale” on November 04, 2016, also Marketwatch.com with their article: “National Bank of Canada issues its inaugural Panda Bond in Mainland China” published on November 03, 2016, Wsj.com published: “Canada’s National Bank to Cut 600 Jobs” on October 27, 2016. More interesting news about National Bank of Canada (TSE:NA) were released by: Prnewswire.com and their article: “Lending Club Secures $1.3 Billion Purchase Program from National Bank of …” published on November 07, 2016 as well as Businesswire.com‘s news article titled: “Fitch Affirms National Bank of Canada’s Ratings at ‘A+/F1’; Outlook Stable” with publication date: October 28, 2016.

National Bank of Canada is an integrated group, which provides financial services to consumers, small- and medium-sized enterprises (SMEs) and large firms in its domestic market and also offers specialized services internationally. The company has a market cap of $16.26 billion.

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