National Bank of Canada (NTIOF) Receives $53.83 Average Price Target from Analysts
Shares of National Bank of Canada (OTCMKTS:NTIOF) have been assigned an average rating of “Buy” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $53.83.
A number of equities analysts have recently commented on NTIOF shares. Barclays PLC upgraded National Bank of Canada from an “equal weight” rating to an “overweight” rating and set a $59.00 price objective on the stock in a research note on Tuesday, May 23rd. Zacks Investment Research upgraded National Bank of Canada from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Wednesday, July 5th. 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.
National Bank of Canada (NTIOF) traded up 0.16% during trading on Thursday, reaching $44.56. The company’s stock had a trading volume of 4,920 shares. The company’s 50-day moving average is $44.18 and its 200-day moving average is $42.06. National Bank of Canada has a 1-year low of $34.19 and a 1-year high of $46.10. The company has a market capitalization of $15.22 billion, a P/E ratio of 11.98 and a beta of 1.27.
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