National Bank of Canada (OTCMKTS:NTIOF) Cut to Neutral at CIBC

CIBC downgraded shares of National Bank of Canada (OTCMKTS:NTIOF) from an outperform rating to a neutral rating in a report released on Thursday morning, The Fly reports. CIBC currently has $85.00 price objective on the financial services provider’s stock.

Several other research firms have also issued reports on NTIOF. TD Securities raised their target price on shares of National Bank of Canada from $67.00 to $72.00 and gave the stock a hold rating in a report on Thursday, August 27th. National Bank Financial upgraded shares of National Bank of Canada from a sell rating to a buy rating in a report on Thursday, October 29th. Scotiabank raised their target price on shares of National Bank of Canada from $75.00 to $77.00 and gave the stock an outperform rating in a report on Thursday, August 27th. Canaccord Genuity restated a hold rating and issued a $63.00 target price on shares of National Bank of Canada in a report on Thursday, August 27th. Finally, Barclays raised their target price on shares of National Bank of Canada from $64.00 to $72.00 and gave the stock an equal weight rating in a report on Thursday, November 12th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. National Bank of Canada presently has an average rating of Hold and a consensus target price of $71.29.

Shares of OTCMKTS:NTIOF opened at $53.98 on Thursday. National Bank of Canada has a 52 week low of $26.77 and a 52 week high of $56.73. The stock has a market capitalization of $18.13 billion, a P/E ratio of 12.08 and a beta of 1.28. The firm has a fifty day simple moving average of $50.89 and a two-hundred day simple moving average of $47.99. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.06.

National Bank of Canada (OTCMKTS:NTIOF) last issued its quarterly earnings data on Wednesday, August 26th. The financial services provider reported $1.21 EPS for the quarter. National Bank of Canada had a net margin of 18.31% and a return on equity of 16.65%. The business had revenue of $1.44 billion during the quarter.

National Bank of Canada Company Profile

National Bank of Canada provides various financial products and services to retail, commercial, corporate, and institutional clients in Canada and internationally. It operates through four segments; Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International.

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

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