National Bank of Canada (OTCMKTS:NTIOF) Receives $103.70 Average PT from Brokerages

National Bank of Canada (OTCMKTS:NTIOF) has received an average rating of “Hold” from the eleven brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $103.70.

Several equities research analysts have commented on NTIOF shares. CIBC dropped their price objective on shares of National Bank of Canada from C$112.00 to C$108.00 and set a “neutral” rating on the stock in a report on Thursday, December 2nd. Scotiabank lowered their price target on shares of National Bank of Canada from C$114.00 to C$112.00 and set a “sector perform” rating on the stock in a report on Thursday, December 2nd. Desjardins cut shares of National Bank of Canada from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$108.00 to C$105.00 in a research report on Friday, December 3rd. decreased their price objective on shares of National Bank of Canada from C$109.50 to C$105.00 and set a “hold” rating on the stock in a research report on Thursday, December 2nd. Finally, Royal Bank of Canada upped their price objective on shares of National Bank of Canada from C$99.00 to C$111.00 and gave the stock a “sector perform” rating in a research report on Thursday, December 2nd.

Shares of OTCMKTS:NTIOF traded up $0.61 during midday trading on Friday, reaching $80.53. The company had a trading volume of 78,873 shares, compared to its average volume of 3,343. The company’s 50 day moving average price is $78.61 and its 200 day moving average price is $78.09. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.05. The stock has a market cap of $27.21 billion, a P/E ratio of 11.19 and a beta of 1.22. National Bank of Canada has a 52-week low of $55.81 and a 52-week high of $88.09.

The firm also recently declared a dividend, which will be paid on Tuesday, February 1st. Shareholders of record on Friday, December 24th will be given a dividend of $0.6824 per share. This represents a yield of 3.63%. The ex-dividend date of this dividend is Thursday, December 23rd. National Bank of Canada’s payout ratio is currently 38.20%.

National Bank of Canada Company Profile

National Bank of Canada engages in the provision of commercial banking and financial services. It operates through the following segments: Personal and Commercial, Wealth Management, Financial Markets, US Specialty Finance and International (USSF&I), and Other. The Personal and Commercial segment involves in banking, financing, and investing services offered to individuals and businesses as well as insurance operations.

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Analyst Recommendations for National Bank of Canada (OTCMKTS:NTIOF)

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