National Bank of Canada (OTCMKTS:NTIOF) Reaches New 12-Month High at $51.77

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

Several equities research analysts have recently commented on NTIOF shares. ValuEngine cut shares of National Bank of Canada from a “sell” rating to a “strong sell” rating in a research 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 price target for the company in a research report on Thursday, September 19th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $59.00.

The firm’s 50-day moving average price is $49.36 and its 200 day moving average price is $47.60. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market cap of $17.24 billion, a price-to-earnings ratio of 11.09 and a beta of 1.27.

National Bank of Canada (OTCMKTS:NTIOF) last issued its quarterly earnings results on Wednesday, August 28th. The financial services provider reported $1.25 EPS for the quarter, topping the 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 company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion.

About National Bank of Canada (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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