National Bank of Canada Gets a Hold Rating from TD Securities

By Ryan Adsit

In a latest note to investors, a research analyst has provided a rating update for the Financial sector company, National Bank of Canada (TSX: NA). TD Securities’ analyst Mario Mendonca reiterates their Hold rating on the shares, with a C$64 price target.

According to TipRanks.com, Mendonca is a 4-star analyst with an average return of 10.9% and a 93.8% success rate. Mendonca covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Manulife Financial Corp, and Royal Bank Of Canada.

Currently, the analyst consensus on National Bank of Canada is Moderate Buy and the average price target is C$62.29, representing a -0.6% downside.

In a report issued on October 30, BMO Capital also reiterated a Hold rating on the stock with a C$61 price target.

The company has a one-year high of C$63.86 and a one-year low of C$47.70. Currently, National Bank of Canada has an average volume of 988.5K.

National Bank of Canada engages in the provision of integrated financial services to retail, commercial, corporate, and institutional clients. It operates through the following segments: Personal & Commercial, Wealth Management, Financial Markets and Others.

The company’s shares closed on Monday at C$62.69, close to its 52-week high of C$63.86.