National Bank of Canada (NTIOF) Given Average Recommendation of “Buy” by Brokerages
National Bank of Canada (OTCMKTS:NTIOF) has been assigned an average recommendation of “Buy” from the seven analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $55.40.
Several equities research analysts recently weighed in on the stock. ValuEngine raised shares of National Bank of Canada from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 7th. Zacks Investment Research downgraded National Bank of Canada from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, Canaccord Genuity initiated coverage on National Bank of Canada in a research note on Tuesday, July 18th. They set a “buy” rating for the company.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Monday, September 25th will be paid a $0.463 dividend. This represents a $1.85 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend is Friday, September 22nd. National Bank of Canada’s dividend payout ratio is currently 51.53%.
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About National Bank of Canada
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