Brokerages Set National Bank of Canada (OTCMKTS:NTIOF) Price Target at $78.81


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National Bank of Canada (OTCMKTS:NTIOF) has been given an average rating of “Hold” by the ten ratings firms that are presently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $78.81.

NTIOF has been the topic of several research reports. Canaccord Genuity raised their target price on National Bank of Canada from $69.00 to $74.50 and gave the stock a “hold” rating in a research report on Thursday, December 3rd. Royal Bank of Canada cut National Bank of Canada from an “outperform” rating to a “sector perform” rating and set a $81.00 target price on the stock. in a research report on Thursday, December 3rd. National Bank Financial raised National Bank of Canada from a “sell” rating to a “buy” rating in a research report on Thursday, October 29th. Barclays lifted their price objective on National Bank of Canada from $64.00 to $72.00 and gave the company an “equal weight” rating in a research report on Thursday, November 12th. Finally, Credit Suisse Group raised National Bank of Canada from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $70.00 to $74.00 in a research report on Monday, November 23rd.

OTCMKTS NTIOF opened at $56.30 on Wednesday. The company has a market capitalization of $18.92 billion, a price-to-earnings ratio of 13.28 and a beta of 1.30. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a 50-day moving average of $55.68 and a 200 day moving average of $51.00. National Bank of Canada has a one year low of $26.77 and a one year high of $57.85.

National Bank of Canada (OTCMKTS:NTIOF) last announced its earnings results on Wednesday, December 2nd. The financial services provider reported $1.28 earnings per share (EPS) for the quarter. The business had revenue of $1.51 billion for the quarter. National Bank of Canada had a return on equity of 16.71% and a net margin of 18.17%.

About National Bank of Canada

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International.

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

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