National Bank of Canada (OTCMKTS:NTIOF) Receives $64.00 Consensus Target Price from Brokerages
National Bank of Canada (OTCMKTS:NTIOF) has been given a consensus rating of “Hold” by the seven research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $64.00.
A number of analysts recently commented on NTIOF shares. Barclays cut shares of National Bank of Canada from an “equal weight” rating to an “underweight” rating and set a $64.00 price target on the stock. in a research note on Tuesday, June 11th. Zacks Investment Research upgraded shares of National Bank of Canada from a “sell” rating to a “hold” rating in a research note on Wednesday, July 31st. ValuEngine upgraded shares of National Bank of Canada from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Canaccord Genuity reiterated a “hold” rating on shares of National Bank of Canada in a research note on Friday, May 31st. Finally, Jefferies Financial Group began coverage on shares of National Bank of Canada in a research note on Friday, May 3rd. They issued a “buy” rating on the stock.
Shares of NTIOF stock opened at $45.44 on Friday. The stock has a market capitalization of $15.45 billion, a P/E ratio of 9.75 and a beta of 1.26. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.06. The firm’s 50 day moving average is $47.95 and its 200 day moving average is $46.96. National Bank of Canada has a 12 month low of $39.85 and a 12 month high of $50.64.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 1st. Shareholders of record on Tuesday, June 25th were paid a $0.508 dividend. The ex-dividend date of this dividend was Monday, June 24th. This is a boost from National Bank of Canada’s previous quarterly dividend of $0.48. This represents a $2.03 annualized dividend and a yield of 4.47%. National Bank of Canada’s dividend payout ratio is currently 43.13%.
National Bank of Canada Company Profile
National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.
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