National Bank of Canada : Technically solid
Entry price | Target | Stop-loss | Potential |
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CA$92.41 |
CA$96.9 |
CA$90.31 |
+4.86% |
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National Bank of Canada's shares display attractive technical aspects to anticipate a comeback of the underlying trend.
Strengths● The group's activity appears highly profitable thanks to its outperforming net margins.
● With a P/E ratio at 10.9 for the current year and 11.1 for next year, earnings multiples are highly attractive compared with competitors.
● Over the past year, analysts have regularly revised upwards their sales forecast for the company.
● Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.
● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.
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● There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
Weaknesses
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