Is Buying National Bank of Canada Here a Winning Strategy?

 Is Buying National Bank of Canada Here a Winning Strategy?

The stock of National Bank of Canada (TSE:NA) is a huge mover today! About 118,539 shares traded hands. National Bank of Canada (TSE:NA) has risen 8.98% since April 20, 2016 and is uptrending. It has outperformed by 3.57% the S&P500.
The move comes after 6 months positive chart setup for the $16.89B company. It was reported on Nov, 24 by Barchart.com. We have $53.35 PT which if reached, will make TSE:NA worth $1.18B more.

National Bank of Canada (TSE:NA) Ratings Coverage

Out of 7 analysts covering National Bank Of Canada (TSE:NA), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. $57 is the highest target while $35 is the lowest. The $50.18 average target is 0.64% above today’s ($49.86) stock price. National Bank Of Canada has been the topic of 39 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Scotia Capital maintained National Bank of Canada (TSE:NA) on Thursday, September 1 with “Outperform” rating. The company was maintained on Thursday, December 3 by RBC Capital Markets. The firm has “Buy” rating by Canaccord Genuity given on Wednesday, June 8. Scotia Capital maintained National Bank of Canada (TSE:NA) on Thursday, August 27 with “Sector Perform” rating. RBC Capital Markets upgraded National Bank of Canada (TSE:NA) rating on Friday, June 3. RBC Capital Markets has “Outperform” rating and $53 price target. Dundee Securities maintained the stock with “Neutral” rating in Wednesday, September 21 report. Desjardins Securities maintained the shares of NA in a report on Thursday, September 1 with “Hold” rating. As per Tuesday, September 29, the company rating was maintained by RBC Capital Markets. The company was maintained on Monday, September 19 by TD Securities.

More notable recent National Bank of Canada (TSE:NA) news were published by: Fool.ca which released: “3 Simple Reasons Investors Should Buy National Bank of Canada” on November 16, 2016, also Theglobeandmail.com with their article: “National Bank woes underline struggles in fast-changing sector” published on October 27, 2016, Prnewswire.com published: “Lending Club Secures $1.3 Billion Purchase Program from National Bank of …” on November 07, 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 $16.89 billion.

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