Barclays Downgrades National Bank of Canada (OTCMKTS:NTIOF) to Underweight
National Bank of Canada (OTCMKTS:NTIOF) was downgraded by research analysts at Barclays from an “equal weight” rating to an “underweight” rating in a report issued on Tuesday, MarketBeat.com reports. They presently have a $64.00 price target on the financial services provider’s stock. Barclays‘s price target points to a potential upside of 39.22% from the stock’s current price.
Other research analysts have also issued research reports about the stock. Jefferies Financial Group started coverage on shares of National Bank of Canada in a research note on Friday, May 3rd. They issued a “buy” rating on the stock. Zacks Investment Research upgraded shares of National Bank of Canada from a “sell” rating to a “hold” rating in a research note on Friday, March 15th. ValuEngine upgraded shares of National Bank of Canada from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Canaccord Genuity reiterated a “hold” rating on shares of National Bank of Canada in a research note on Friday, May 31st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. National Bank of Canada currently has an average rating of “Hold” and an average target price of $58.00.
Shares of NTIOF opened at $45.97 on Tuesday. National Bank of Canada has a 52 week low of $39.85 and a 52 week high of $51.95. The stock has a market capitalization of $15.61 billion, a P/E ratio of 9.86 and a beta of 1.24.
National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International segments.
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