National Bank of Canada (NTIOF) Lowered to Hold at Zacks Investment Research
Zacks Investment Research lowered shares of National Bank of Canada (OTCMKTS:NTIOF) from a buy rating to a hold rating in a research report released on Wednesday morning.
According to Zacks, “National Bank of Canada provides banking services, including retail, corporate and investment banking. It operates in three business segments, personal and commercial, wealth management, and financial markets. The personal and Commercial Banking segment offers a range of services, including credit, deposit and investment solutions and international trade services. Wealth Management provides financial advice, investment solutions, products and specialized services. Financial Markets provides corporate, public sector and institutional clients with banking and investment banking service. “
A number of other brokerages also recently weighed in on NTIOF. Canaccord Genuity initiated coverage on shares of National Bank of Canada in a research report on Tuesday, July 18th. They set a buy rating for the company. ValuEngine raised shares of National Bank of Canada from a buy rating to a strong-buy rating in a research report on Thursday, September 7th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $55.40.
Shares of National Bank of Canada (OTCMKTS NTIOF) opened at $49.49 on Wednesday. National Bank of Canada has a 1 year low of $34.83 and a 1 year high of $49.49. The firm has a market cap of $16,898.16, a PE ratio of 12.43 and a beta of 1.32.
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The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Monday, September 25th were paid a $0.463 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend was Friday, September 22nd. National Bank of Canada’s dividend payout ratio is currently 50.14%.
National Bank of Canada Company Profile
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