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%.

ILLEGAL ACTIVITY WARNING: This article was first published by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was illegally stolen and reposted in violation of international trademark & copyright laws. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/10/13/national-bank-of-canada-ntiof-given-average-recommendation-of-buy-by-brokerages.html.

About National Bank of Canada

Analyst Recommendations for National Bank of Canada (OTCMKTS:NTIOF)

Receive News & Ratings for National Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.