National Bank of Canada (TSE:NA) Given New C$242.00 Price Target at Canadian Imperial Bank of Commerce

Key Points

• CIBC lowered National Bank of Canada’s price target to C$242 from C$249 while maintaining an “outperformer” rating, implying 11.06% upside from the previous close.
• Analyst sentiment is mixed: the stock has an overall “Hold” consensus, with three Buy ratings and eight Hold ratings, and an average price target of C$218.50.
• National Bank shares rose 1.8% to C$217.91 in Thursday trading. Director Yvon Charest also purchased 191 shares worth approximately C$44,543, though insiders collectively own just 0.21% of the company.

National Bank of Canada (TSE:NA - Get Free Report) had its price target reduced by equities research analysts at Canadian Imperial Bank of Commerce from C$249.00 to C$242.00 in a research note issued on Thursday, BayStreet reports. The brokerage currently has an "outperformer" rating on the financial services provider's stock. Canadian Imperial Bank of Commerce's target price would indicate a potential upside of 11.06% from the company's previous close.

Other research analysts have also recently issued research reports about the stock. Barclays boosted their price target on shares of National Bank of Canada from C$188.00 to C$220.00 in a research report on Friday, August 21st. Desjardins set a C$230.00 price objective on shares of National Bank of Canada and gave the stock a "hold" rating in a research report on Wednesday. Jefferies Financial Group lifted their target price on shares of National Bank of Canada from C$208.00 to C$212.00 in a research note on Thursday, August 27th. 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 report on Thursday, August 27th. Finally, TD dropped their price target on shares of National Bank of Canada from C$227.00 to C$226.00 and set a "hold" rating for the company in a research note on Thursday, August 27th. Three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of C$218.50.

National Bank of Canada Trading Up 1.8%

TSE:NA traded up C$3.92 during trading hours on Thursday, hitting C$217.91. The company had a trading volume of 366,880 shares, compared to its average volume of 1,434,016. The company has a 50-day moving average of C$224.69 and a 200 day moving average of C$206.35. The company has a market cap of C$83.47 billion, a P/E ratio of 18.22, a P/E/G ratio of 7.14 and a beta of 1.35. National Bank of Canada has a 1 year low of C$143.29 and a 1 year high of C$237.13.

Insider Transactions at National Bank of Canada

In related news, Director Yvon Charest bought 191 shares of the firm's stock in a transaction 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 transaction, the director directly owned 21,193 shares of the company's stock, valued at C$4,942,419.53. This represents a 0.91% increase in their position. Company 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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