National Bank of Canada (TSE:NA) was upgraded by equities researchers at RBC Capital from a “sector perform” rating to an “outperform” rating in a report released on Thursday, StockTargetPrices.com reports. The firm presently has a C$53.00 target price on the stock, up from their prior target price of C$51.00. RBC Capital’s price objective indicates a potential upside of 22.69% from the company’s previous close.
Shares of National Bank of Canada (TSE:NA) traded up 1.99% during trading on Thursday, reaching $44.06. The company’s stock had a trading volume of 530,517 shares. National Bank of Canada has a 12 month low of $34.86 and a 12 month high of $49.65. The company’s 50 day moving average price is $43.48 and its 200 day moving average price is $41.15. The firm has a market cap of $14.86 billion and a PE ratio of 10.98.
Source: American Banking and Market News