National Bank of Canada (OTCMKTS:NTIOF) Hits New 1-Year High at $51.77

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National Bank of Canada (OTCMKTS:NTIOF) shares hit a new 52-week high on Wednesday . The company traded as high as $51.77 and last traded at $51.69, with a volume of 3056 shares traded. The stock had previously closed at $51.59.

A number of equities analysts recently weighed in on NTIOF shares. ValuEngine downgraded shares of National Bank of Canada from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 15th. Zacks Investment Research upgraded shares of National Bank of Canada from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Thursday, September 19th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $59.00.

The firm has a market capitalization of $17.24 billion, a price-to-earnings ratio of 11.09 and a beta of 1.27. The stock’s fifty day moving average is $49.36 and its two-hundred day moving average is $47.60. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.06.

National Bank of Canada (OTCMKTS:NTIOF) last issued its earnings results on Wednesday, August 28th. The financial services provider reported $1.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.06. National Bank of Canada had a net margin of 18.84% and a return on equity of 18.16%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion.

National Bank of Canada Company Profile (OTCMKTS:NTIOF)

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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