Scotiabank reissued their outperform rating on shares of National Bank of Canada (OTCMKTS:NTIOF) in a research note issued to investors on Thursday morning. The firm currently has a $51.00 price objective on the stock, up from their previous price objective of $50.00.
Several other research analysts have also commented on NTIOF. RBC Capital Markets restated an outperform rating and set a $57.00 price target (up previously from $53.00) on shares of National Bank of Canada in a research note on Saturday, September 3rd. Desjardins restated a hold rating and set a $46.00 price target on shares of National Bank of Canada in a research note on Sunday, September 4th. TD Securities restated a hold rating and set a $47.00 price target (up previously from $43.00) on shares of National Bank of Canada in a research note on Sunday, September 4th. Barclays PLC reiterated an equal weight rating on shares of National Bank of Canada in a research note on Friday, June 3rd. Finally, Royal Bank Of Canada upgraded shares of National Bank of Canada from a sector perform rating to an outperform rating and raised their target price for the company from $51.00 to $53.00 in a research note on Friday, June 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $48.30.
Shares of National Bank of Canada (OTCMKTS:NTIOF) opened at 34.9124 on Thursday. National Bank of Canada has a 52 week low of $24.28 and a 52 week high of $37.00. The firm has a market cap of $11.79 billion, a price-to-earnings ratio of 13.3152 and a beta of 1.18. The stock has a 50 day moving average of $35.88 and a 200-day moving average of $34.36.
About National Bank of Canada
National Bank of Canada (the Bank) is an integrated provider of financial services to retail, commercial, corporate and institutional clients. The Bank offers a range of services that include banking and investment solutions, securities brokerage, insurance and wealth management. The Bank operates in three business segments: Personal and Commercial, Wealth Management and Financial Markets.
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