Shares of Bank Of NT Butterfield & Son Ltd (NTB) have surpassed the average analyst 12-month target price of $51.75, currently trading at $51.82 per share. This milestone prompts analysts to consider either downgrading their valuations or raising their target prices based on the company’s performance.
According to Zacks Investment Research, the target price estimates from four analysts range from a low of $50.00 to a high of $55.00, with a standard deviation of $2.362. Currently, there are two strong buy ratings, one buy rating, and two hold ratings for NTB.
The average analyst rating remains stable at 2.0, indicating a general consensus of a “buy,” as there are no sell or strong sell ratings present.
