National Bank of Canada (OTCMKTS:NTIOF) Reaches New 12-Month Low at $62.58

National Bank of Canada (OTCMKTS:NTIOFGet Rating) shares reached a new 52-week low on Friday . The stock traded as low as $62.58 and last traded at $63.09, with a volume of 34438 shares traded. The stock had previously closed at $65.64.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NTIOF shares. CIBC increased their price target on shares of National Bank of Canada from C$102.00 to C$104.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 16th. Credit Suisse Group raised their price objective on shares of National Bank of Canada from C$106.00 to C$111.00 in a research report on Tuesday, May 31st. Scotiabank raised their price objective on shares of National Bank of Canada from C$107.00 to C$112.00 in a research report on Thursday, August 18th. National Bank Financial decreased their price objective on shares of National Bank of Canada from C$101.00 to C$100.00 in a research report on Thursday, August 25th. Finally, Desjardins decreased their price objective on shares of National Bank of Canada from C$104.00 to C$103.00 and set a “hold” rating on the stock in a research report on Tuesday, May 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $107.11.

National Bank of Canada Stock Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $21.23 billion, a P/E ratio of 8.57 and a beta of 1.13. The business’s fifty day simple moving average is $69.44 and its 200-day simple moving average is $71.56.

National Bank of Canada Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Monday, September 26th will be paid a $0.709 dividend. The ex-dividend date of this dividend is Friday, September 23rd. This represents a dividend yield of 4.14%. National Bank of Canada’s payout ratio is currently 37.99%.

National Bank of Canada Company Profile

(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.

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