ValuEngine Upgrades National Bank of Canada (NTIOF) to “Strong-Buy”
National Bank of Canada (OTCMKTS:NTIOF) was upgraded by equities research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a report released on Thursday.
Other analysts also recently issued research reports about the company. Canaccord Genuity started coverage on National Bank of Canada in a research note on Tuesday, July 18th. They set a “buy” rating on the stock. Zacks Investment Research raised National Bank of Canada from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Wednesday, July 5th. Finally, Barclays PLC raised 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. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $55.40.
Shares of National Bank of Canada (NTIOF) traded up 0.40% on Thursday, hitting $46.71. The stock had a trading volume of 6,371 shares. The firm has a 50-day moving average price of $44.69 and a 200-day moving average price of $42.14. National Bank of Canada has a 52 week low of $34.19 and a 52 week high of $46.95. The stock has a market capitalization of $15.95 billion, a P/E ratio of 12.55 and a beta of 1.27.
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About National Bank of Canada
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