National Bank of Canada (OTCMKTS:NTIOF – Get 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
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 four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International.
- Get a free copy of the StockNews.com research report on National Bank of Canada (NTIOF)
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