Raymond James Financial Has Lowered Expectations for National Bank of Canada (TSE:NA) Stock Price

Key Points

• Raymond James lowered National Bank of Canada’s price target to C$223 from C$226.50 while maintaining a “market perform” rating, implying 5.39% potential upside.
• Analyst sentiment remains mixed but generally cautious: MarketBeat reports an average “Hold” rating and a consensus target price of C$216.33, despite some recent target increases and one “strong-buy” upgrade.
• The stock fell 0.7% to C$211.60 in Thursday trading. National Bank reported C$3.23 in quarterly EPS and C$3.91 billion in revenue, while a company director recently purchased 191 shares.

National Bank of Canada (TSE:NA - Get Free Report) had its price objective reduced by equities research analysts at Raymond James Financial from C$226.50 to C$223.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a "market perform" rating on the financial services provider's stock. Raymond James Financial's target price indicates a potential upside of 5.39% from the stock's current price.

Other equities analysts have also issued research reports about the company. Scotiabank upped their price target on National Bank of Canada from C$241.00 to C$243.00 and gave the company a "sector outperform" rating in a research note on Thursday. Canaccord Genuity Group lifted their price objective on National Bank of Canada from C$205.00 to C$224.00 and gave the stock a "hold" rating in a research note on Tuesday, July 7th. Jefferies Financial Group upped their price objective 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. Barclays increased their target price on National Bank of Canada from C$188.00 to C$220.00 in a research note on Friday, August 21st. Finally, Canadian Imperial Bank of Commerce upgraded National Bank of Canada from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of C$216.33.

National Bank of Canada Trading Down 0.7%

Shares of National Bank of Canada stock traded down C$1.58 during trading on Thursday, reaching C$211.60. The company's stock had a trading volume of 686,860 shares, compared to its average volume of 1,424,754. National Bank of Canada has a one year low of C$142.52 and a one year high of C$237.13. The stock has a 50-day moving average price of C$225.71 and a two-hundred day moving average price of C$204.92. The stock has a market capitalization of C$81.50 billion, a P/E ratio of 18.73, a price-to-earnings-growth ratio of 7.14 and a beta of 1.35.

National Bank of Canada (TSE:NA - Get Free Report) last announced its earnings results on Wednesday, May 27th. The financial services provider reported C$3.23 earnings per share (EPS) for the quarter. National Bank of Canada had a net margin of 16.87% and a return on equity of 13.77%. The company had revenue of C$3.91 billion for the quarter. As a group, sell-side analysts anticipate that National Bank of Canada will post 10.8360791 EPS for the current fiscal year.

Insider Transactions at National Bank of Canada

In other National Bank of Canada news, Director Yvon Charest purchased 191 shares of the stock in a transaction on Tuesday, August 18th. The stock was bought at an average cost of C$233.21 per share, for a total transaction of C$44,543.11. Following the completion of the acquisition, the director directly owned 21,193 shares of the company's stock, valued at C$4,942,419.53. The trade was a 0.91% increase in their ownership of the stock. 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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