Could National Bank of Canada See a Reversal After This Very Strong Session?

 Could National Bank of Canada See a Reversal After This Very Strong Session?

The stock of National Bank of Canada (TSE:NA) is a huge mover today! About 254,019 shares traded hands. National Bank of Canada (TSE:NA) has risen 12.76% since April 8, 2016 and is uptrending. It has outperformed by 7.78% the S&P500.
The move comes after 9 months positive chart setup for the $16.19 billion company. It was reported on Nov, 14 by Barchart.com. We have $66.34 PT which if reached, will make TSE:NA worth $6.15 billion more.

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 2.68% above today’s ($48.07) stock price. National Bank Of Canada has been the topic of 38 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Desjardins Securities maintained the stock with “Hold” rating in Thursday, September 1 report. Canaccord Genuity maintained the stock with “Buy” rating in Wednesday, June 8 report. The company was maintained on Thursday, September 1 by Scotia Capital. The rating was maintained by Scotia Capital on Thursday, August 27 with “Sector Perform”. RBC Capital Markets maintained National Bank of Canada (TSE:NA) on Tuesday, September 29 with “Sector Perform” rating. The firm has “Neutral” rating by Dundee Securities given on Wednesday, September 21. The stock of National Bank of Canada (TSE:NA) earned “Outperform” rating by RBC Capital Markets on Friday, June 3. TD Securities maintained the stock with “Hold” rating in Monday, September 19 report. RBC Capital Markets maintained it with “Sector Perform” rating and $51 target price in Thursday, December 3 report.

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, Theglobeandmail.com published: “National Bank woes underline struggles in fast-changing sector” on October 27, 2016. More interesting news about National Bank of Canada (TSE:NA) were released by: Businesswire.com and their article: “Fitch Affirms National Bank of Canada’s Ratings at ‘A+/F1’; Outlook Stable” published on October 28, 2016 as well as Newsmax.com‘s news article titled: “National Bank of Canada Plans 600 Job Cuts With Shift to Digital” with publication date: October 27, 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 $16.19 billion.

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