National Bank of Canada (OTCMKTS:NTIOF) Reaches New 1-Year High – Here’s What Happened

Shares of National Bank of Canada (OTCMKTS:NTIOF) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $171.47 and last traded at $166.89, with a volume of 435 shares trading hands. The stock had previously closed at $166.98.

Analysts Set New Price Targets

NTIOF has been the topic of several research analyst reports. Scotiabank reiterated an “outperform” rating on shares of National Bank of Canada in a research report on Tuesday, June 16th. Desjardins reaffirmed a “buy” rating on shares of National Bank of Canada in a research report on Thursday, May 28th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of National Bank of Canada in a report on Thursday, May 28th. National Bank Financial cut National Bank of Canada from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 13th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of National Bank of Canada in a report on Thursday, May 28th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold”.

National Bank of Canada Stock Down 1.5%

The firm has a market capitalization of $62.79 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 1.51 and a beta of 0.87. The business’s 50 day moving average is $153.68 and its 200-day moving average is $140.10. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.74 and a current ratio of 0.74.

National Bank of Canada (OTCMKTS:NTIOF) last issued its quarterly earnings results on Wednesday, May 27th. The financial services provider reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.07. National Bank of Canada had a return on equity of 15.99% and a net margin of 14.49%.The company had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.81 billion. Equities analysts anticipate that National Bank of Canada will post 9.21 EPS for the current fiscal year.

National Bank of Canada Company Profile

National Bank of Canada (OTCMKTS: NTIOF) is a full?service Canadian financial institution headquartered in Montreal, Quebec. The bank offers a broad range of products and services for personal, commercial and institutional clients, including deposit accounts, mortgages and consumer lending, small? and medium?sized business banking, corporate lending, and cash management solutions.

In addition to traditional banking, National Bank provides wealth management and brokerage services through its private banking and advisory channels, and operates an investment banking and capital markets platform that delivers underwriting, advisory, trading and research services.