National Bank of Canada (OTCMKTS:NTIOF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The firm currently has a $49.00 target price on the financial services provider’s stock. Zacks Investment Research‘s target price suggests a potential upside of 11.19% from the company’s current price.

According to Zacks, “National Bank of Canada provides banking services, including retail, corporate and investment banking. It operates in three business segments, personal and commercial, wealth management, and financial markets. The personal and Commercial Banking segment offers a range of services, including credit, deposit and investment solutions and international trade services. Wealth Management provides financial advice, investment solutions, products and specialized services. Financial Markets provides corporate, public sector and institutional clients with banking and investment banking service. “

A number of other research analysts also recently weighed in on NTIOF. Canaccord Genuity started coverage on National Bank of Canada in a research note on Tuesday, July 18th. They issued a “buy” rating for the company. Barclays PLC upgraded National Bank of Canada from an “equal weight” rating to an “overweight” rating and set a $59.00 price target for the company in a research note on Tuesday, May 23rd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $53.83.

National Bank of Canada (OTCMKTS NTIOF) traded up 1.51% on Wednesday, reaching $44.07. National Bank of Canada has a 52 week low of $34.19 and a 52 week high of $46.10. The stock’s 50 day moving average is $43.81 and its 200 day moving average is $41.98. The firm has a market capitalization of $15.05 billion, a PE ratio of 11.71 and a beta of 1.27.

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