National Bank of Canada (NTIOF) Upgraded to “Strong-Buy” at ValuEngine

ValuEngine upgraded shares of National Bank of Canada (OTCMKTS:NTIOF) from a buy rating to a strong-buy rating in a report published on Wednesday, March 7th.

Other analysts have also issued research reports about the company. Zacks Investment Research raised National Bank of Canada from a hold rating to a buy rating and set a $58.00 price target on the stock in a research note on Friday, January 19th. Barclays lowered National Bank of Canada from an overweight rating to an equal weight rating in a research note on Tuesday, December 19th.

Shares of National Bank of Canada (OTCMKTS NTIOF) traded down $0.25 during mid-day trading on Wednesday, reaching $48.75. The company had a trading volume of 223 shares, compared to its average volume of 12,775. The firm has a market cap of $16,692.68, a price-to-earnings ratio of 11.35 and a beta of 1.33. National Bank of Canada has a twelve month low of $37.82 and a twelve month high of $53.84.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Monday, March 26th will be paid a $0.487 dividend. The ex-dividend date of this dividend is Friday, March 23rd. This represents a $1.95 dividend on an annualized basis and a yield of 4.00%. This is a positive change from National Bank of Canada’s previous quarterly dividend of $0.46. National Bank of Canada’s payout ratio is currently 44.37%.

ILLEGAL ACTIVITY NOTICE: This piece was reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at

National Bank of Canada Company Profile

National Bank of Canada (the Bank) is an integrated group, which provides financial services to consumers, small- and medium-sized enterprises (SMEs) and large corporations in its domestic market and also offers specialized services internationally. The Bank’s segments are Personal and Commercial, which includes the banking, financing and investing services offered to individuals and businesses, as well as insurance operations; Wealth Management, which consists of investment solutions, trust services, banking services, lending services and other wealth management solutions offered through internal and third-party distribution networks; Financial Markets, which includes banking services, investment banking services and financial solutions for institutional clients, and Other, which includes treasury operations, including the Bank’s asset and liability management, liquidity management and funding operations; certain non-recurring items, and the unallocated portion of corporate units.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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's FREE daily email newsletter.

Leave a Reply