National Bank of Canada (TSE:NA) Raised to “Moderate Buy” at Desjardins

National Bank of Canada (TSE:NA) was upgraded by research analysts at Desjardins from a “hold” rating to a “moderate buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports. Desjardins also issued estimates for National Bank of Canada’s FY2027 earnings at $13.00 EPS.

Several other research firms have also commented on NA. TD Securities increased their price objective on National Bank of Canada from C$148.00 to C$161.00 in a research report on Monday. Jefferies Financial Group decreased their price target on National Bank of Canada from C$157.00 to C$153.00 and set a “hold” rating on the stock in a research note on Thursday, August 28th. Barclays increased their price target on National Bank of Canada from C$141.00 to C$147.00 and gave the stock an “equal weight” rating in a report on Thursday, August 14th. Cibc World Mkts upgraded shares of National Bank of Canada from a “strong sell” rating to a “hold” rating in a report on Friday, August 1st. Finally, Royal Bank Of Canada reduced their price target on shares of National Bank of Canada from C$152.00 to C$148.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 28th. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$146.92.

National Bank of Canada Stock Up 1.3%

National Bank of Canada stock opened at C$163.03 on Tuesday. The company has a fifty day simple moving average of C$152.19 and a 200-day simple moving average of C$142.88. The firm has a market capitalization of C$63.94 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 7.14 and a beta of 1.08. National Bank of Canada has a 52-week low of C$106.67 and a 52-week high of C$163.11.

National Bank of Canada Company Profile

National Bank of Canada is the sixth-largest Canadian bank. The bank offers integrated financial services, primarily in the province of Quebec as well as the city of Toronto. Operational segments include personal and commercial banking, wealth management, and a financial markets group.