Desjardins Lowers National Bank of Canada (TSE:NA) Price Target to C$230.00

Key Points

• Desjardins lowered National Bank of Canada’s price target to C$230 from C$238 while maintaining a “hold” rating, implying approximately 8.7% upside from the current price.
• Analyst sentiment remains cautious: the stock has a consensus “hold” rating and an average target price of C$216.33, with most covering analysts also assigning hold or market-perform ratings.
• National Bank shares fell 0.7% to C$211.60 in mid-day trading. The bank reported quarterly EPS of C$3.23, C$3.91 billion in revenue, a 13.77% return on equity and a 16.87% net margin.

National Bank of Canada (TSE:NA - Get Free Report) had its price objective lowered by investment analysts at Desjardins from C$238.00 to C$230.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a "hold" rating on the financial services provider's stock. Desjardins' price objective would suggest a potential upside of 8.70% from the company's current price.

A number of other research firms have also recently commented on NA. Raymond James Financial decreased their target price on shares of National Bank of Canada from C$226.50 to C$223.00 and set a "market perform" rating on the stock in a research note on Thursday. Canaccord Genuity Group raised their price objective on shares of National Bank of Canada from C$205.00 to C$224.00 and gave the company a "hold" rating in a research report on Tuesday, July 7th. Jefferies Financial Group raised their price target on National Bank of Canada from C$196.00 to C$208.00 and gave the company a "hold" rating in a report on Thursday, August 13th. TD increased their target price on National Bank of Canada from C$202.00 to C$227.00 and gave the stock a "hold" rating in a research report on Wednesday, August 12th. Finally, Scotiabank upped their price target on National Bank of Canada from C$241.00 to C$243.00 and gave the stock a "sector outperform" rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of C$216.33.

National Bank of Canada Stock Down 0.7%

TSE:NA traded down C$1.58 during mid-day trading on Thursday, hitting C$211.60. 686,860 shares of the company traded hands, compared to its average volume of 1,424,754. The stock's fifty day moving average price is C$225.71 and its 200-day moving average price is C$204.92. The firm has a market cap of C$81.50 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 7.14 and a beta of 1.35. National Bank of Canada has a one year low of C$142.52 and a one year high of C$237.13.

National Bank of Canada (TSE:NA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The financial services provider reported C$3.23 EPS for the quarter. National Bank of Canada had a return on equity of 13.77% and a net margin of 16.87%.The firm had revenue of C$3.91 billion for the quarter. Equities analysts predict that National Bank of Canada will post 10.8360791 EPS for the current year.

Insiders Place Their Bets

In other National Bank of Canada news, Director Yvon Charest purchased 191 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The shares were bought at an average price of C$233.21 per share, with a total value of C$44,543.11. Following the completion of the purchase, the director directly owned 21,193 shares in the company, valued at C$4,942,419.53. This trade represents a 0.91% increase in their ownership of the stock. Corporate insiders own 0.21% of the company's stock.

National Bank of Canada Company Profile

With $618 billion in assets as at April 30, 2026, National Bank of Canada (the 'Bank') is one of Canada's six systemically important banks. The Bank has more than 35,000 employees in knowledge-intensive positions and operates through three business segments in Canada: Personal and Commercial Banking, Wealth Management and Financial Markets. A fourth segment, U.S. Specialty Finance and International, complements the growth of its domestic operations. Its securities are listed on the Toronto Stock Exchange TSX: NA.

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