National Bank of Canada (OTCMKTS:NTIOF) Given “Buy” Rating at Royal Bank of Canada

Royal Bank of Canada reaffirmed their buy rating on shares of National Bank of Canada (OTCMKTS:NTIOF) in a research note released on Monday, AnalystRatings.com reports. Royal Bank of Canada currently has a $55.00 price target on the financial services provider’s stock.

A number of other research firms have also commented on NTIOF. CIBC reaffirmed a hold rating and set a $76.00 price target on shares of National Bank of Canada in a research report on Friday, February 28th. Barclays decreased their price objective on National Bank of Canada from $72.00 to $60.00 and set an underweight rating for the company in a report on Monday, March 9th. ValuEngine upgraded National Bank of Canada from a strong sell rating to a sell rating in a report on Monday, March 9th. Finally, TD Securities upgraded National Bank of Canada from a hold rating to a buy rating and set a $53.00 price objective for the company in a report on Friday, March 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $59.60.

OTCMKTS NTIOF opened at $38.40 on Monday. The firm has a market cap of $10.91 billion, a P/E ratio of 7.82 and a beta of 1.14. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.80 and a quick ratio of 0.80. The stock’s 50-day moving average is $47.63 and its 200-day moving average is $51.50. National Bank of Canada has a one year low of $26.77 and a one year high of $56.73.

National Bank of Canada Company Profile

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

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

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