Credit Suisse Group Raises National Bank of Canada (OTCMKTS:NTIOF) Price Target to C$104.00

National Bank of Canada (OTCMKTS:NTIOF) had its price objective raised by Credit Suisse Group from C$100.00 to C$104.00 in a report issued on Monday morning, The Fly reports. Credit Suisse Group currently has an outperform rating on the financial services provider’s stock.

Several other research firms also recently weighed in on NTIOF. Desjardins raised their target price on shares of National Bank of Canada from C$94.00 to C$100.00 and gave the company a buy rating in a report on Tuesday, June 1st. TD Securities raised their target price on shares of National Bank of Canada from $79.00 to $85.00 and gave the company a hold rating in a report on Thursday, February 25th. BMO Capital Markets raised their target price on shares of National Bank of Canada from C$97.00 to C$101.00 and gave the company an outperform rating in a report on Monday, May 31st. Barclays raised their target price on shares of National Bank of Canada from $78.00 to $81.00 and gave the company an equal weight rating in a report on Tuesday, February 16th. Finally, Canaccord Genuity raised their target price on shares of National Bank of Canada from $81.00 to $92.00 and gave the company a hold rating in a report on Wednesday, April 21st. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. National Bank of Canada has a consensus rating of Buy and a consensus target price of $94.80.

Shares of NTIOF opened at $75.78 on Monday. The company has a 50-day moving average of $73.42. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $25.57 billion, a P/E ratio of 13.29 and a beta of 1.23. National Bank of Canada has a 52-week low of $43.68 and a 52-week high of $80.53.

National Bank of Canada (OTCMKTS:NTIOF) last announced its quarterly earnings results on Friday, May 28th. The financial services provider reported $1.79 earnings per share (EPS) for the quarter. National Bank of Canada had a net margin of 24.55% and a return on equity of 21.74%. The business had revenue of $1.78 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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