Scotiabank Boosts National Bank of Canada (OTCMKTS:NTIOF) Price Target to C$149.00

National Bank of Canada (OTCMKTS:NTIOFGet Rating) had its price objective increased by Scotiabank from C$144.00 to C$149.00 in a research note released on Tuesday, The Fly reports.

Other equities analysts also recently issued reports about the stock. CIBC lifted their price objective on shares of National Bank of Canada from C$102.00 to C$104.00 and gave the stock an outperform rating in a report on Tuesday, August 16th. National Bank Financial cut their price objective on shares of National Bank of Canada from C$101.00 to C$100.00 in a report on Thursday, August 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $112.50.

National Bank of Canada Price Performance

NTIOF opened at $73.45 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $24.72 billion, a price-to-earnings ratio of 9.41 and a beta of 1.09. The firm’s fifty day moving average price is $66.88 and its two-hundred day moving average price is $68.87. National Bank of Canada has a 1 year low of $59.42 and a 1 year high of $83.82.

National Bank of Canada (OTCMKTS:NTIOFGet Rating) last posted its quarterly earnings data on Wednesday, August 24th. The financial services provider reported $1.83 earnings per share (EPS) for the quarter. The firm had revenue of $1.88 billion for the quarter. National Bank of Canada had a net margin of 27.76% and a return on equity of 19.79%.

National Bank of Canada Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, November 1st. Investors of record on Monday, September 26th were issued a $0.709 dividend. This represents a dividend yield of 4.14%. The ex-dividend date was Friday, September 23rd. National Bank of Canada’s dividend payout ratio (DPR) is currently 36.55%.

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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