Desjardins Maintains Hold Rating on National Bank of Canada

National Bank of Canada (NTIOF) received a Hold rating from Desjardins analyst Douglas Young, who also set a price target of C$230.00 for the bank.

Young has an impressive track record with an average return of 16.9% and a success rate of 73.98% on his stock recommendations, according to TipRanks.

In addition to Desjardins' Hold rating, National Bank of Canada also received a similar rating from Barclays's Brian Morton in August, while Scotiabank maintained a Buy rating on the bank.

The bank reported strong earnings for the quarter ending July 31, with revenue reaching C$8.45 billion and net profit at C$1.31 billion, compared to last year's C$3.25 billion in revenue and C$1.07 billion in net profit.