Brokerages Set National Bank of Canada (OTCMKTS:NTIOF) Price Target at $106.18

Shares of National Bank of Canada (OTCMKTS:NTIOFGet Rating) have been assigned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $106.18.

Several equities analysts recently commented on the stock. Stifel Nicolaus decreased their price target on shares of National Bank of Canada from C$118.00 to C$117.00 in a research note on Friday, April 8th. Scotiabank lowered their target price on shares of National Bank of Canada from C$119.00 to C$108.00 and set an “outperform” rating on the stock in a report on Wednesday, April 13th. CIBC upgraded National Bank of Canada from a “neutral” rating to an “outperform” rating and set a C$102.00 price target for the company in a research note on Monday, April 11th. Finally, National Bank Financial raised their price objective on National Bank of Canada from C$109.00 to C$110.00 in a research note on Monday, February 28th.

Shares of OTCMKTS:NTIOF traded down $1.26 during midday trading on Friday, reaching $70.88. The company had a trading volume of 2,169 shares, compared to its average volume of 6,675. National Bank of Canada has a 1-year low of $67.15 and a 1-year high of $88.09. The company has a fifty day simple moving average of $74.42 and a two-hundred day simple moving average of $77.50. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $23.84 billion, a price-to-earnings ratio of 9.34 and a beta of 1.13.

National Bank of Canada (OTCMKTS:NTIOFGet Rating) last announced its earnings results on Friday, February 25th. The financial services provider reported $2.09 EPS for the quarter. National Bank of Canada had a net margin of 29.48% and a return on equity of 21.16%. The business had revenue of $1.95 billion during the quarter.

The firm also recently disclosed a dividend, which was paid on Sunday, May 1st. Investors of record on Monday, March 28th were issued a $0.6756 dividend. The ex-dividend date was Friday, March 25th. This represents a yield of 3.37%. National Bank of Canada’s dividend payout ratio (DPR) is presently 36.47%.

About National Bank of Canada (Get Rating)

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.

Recommended Stories

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

Receive News & Ratings for National Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.