National Bank of Canada (NTIOF) Receives $53.50 Average Target Price from Brokerages
National Bank of Canada (OTCMKTS:NTIOF) has earned an average rating of “Buy” from the seven brokerages that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $54.80.
NTIOF has been the topic of a number of research analyst reports. Zacks Investment Research upgraded National Bank of Canada from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Wednesday, July 5th. Barclays PLC upgraded National Bank of Canada from an “equal weight” rating to an “overweight” rating and set a $59.00 target price on the stock in a research note on Tuesday, May 23rd. Finally, Canaccord Genuity started coverage on National Bank of Canada in a research note on Tuesday, July 18th. They issued a “buy” rating on the stock.
Shares of National Bank of Canada (NTIOF) remained flat at $44.74 during trading on Friday. The company had a trading volume of 3,099 shares. National Bank of Canada has a 52-week low of $33.63 and a 52-week high of $46.10. The firm has a 50 day moving average of $42.78 and a 200 day moving average of $41.83. The firm has a market capitalization of $15.28 billion, a P/E ratio of 11.94 and a beta of 1.27.
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