Scotiabank Issues Positive Forecast for National Bank of Canada (TSE:NA) Stock Price

Key Points

• Scotiabank raised National Bank of Canada’s price target to C$243 from C$241 and maintained a “sector outperform” rating, implying 14.84% potential upside.
• Analyst sentiment is mixed: the stock has an average “Hold” rating and a consensus price target of C$216.33, despite one “Strong Buy” and two “Buy” recommendations.
• Shares recently traded at C$211.60, while director Yvon Charest purchased 191 shares worth approximately C$44,543, increasing his ownership by 0.91%.

National Bank of Canada (TSE:NA - Get Free Report) had its price objective upped by research analysts at Scotiabank from C$241.00 to C$243.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a "sector outperform" rating on the financial services provider's stock. Scotiabank's price objective suggests a potential upside of 14.84% from the stock's previous close.

A number of other equities research analysts have also issued reports on NA. Desjardins lowered shares of National Bank of Canada from a "buy" rating to a "hold" rating and increased their price objective for the company from C$217.00 to C$238.00 in a report on Wednesday, August 5th. Canadian Imperial Bank of Commerce upgraded shares of National Bank of Canada from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 18th. Jefferies Financial Group increased their price objective on shares of 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. Raymond James Financial boosted their target price on National Bank of Canada from C$203.00 to C$226.50 and gave the stock a "market perform" rating in a research report on Wednesday, August 12th. Finally, Barclays increased their target price on National Bank of Canada from C$188.00 to C$220.00 in a research report on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, National Bank of Canada currently has an average rating of "Hold" and a consensus target price of C$216.33.

National Bank of Canada Stock Performance

Shares of National Bank of Canada stock traded down C$1.58 during trading hours on Thursday, hitting C$211.60. The company's stock had a trading volume of 686,860 shares, compared to its average volume of 1,424,754. The company has a market cap of C$81.50 billion, a PE ratio of 18.73, a PEG ratio of 7.14 and a beta of 1.35. The business has a 50 day moving average price of C$225.71 and a two-hundred day moving average price of C$204.92. National Bank of Canada has a 12-month low of C$142.52 and a 12-month high of C$237.13.

National Bank of Canada (TSE:NA - Get Free Report) last released 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 return on equity of 13.77% and a net margin of 16.87%.The firm had revenue of C$3.91 billion during the quarter. As a group, research analysts anticipate that National Bank of Canada will post 10.8360791 earnings per share for the current year.

Insider Buying and Selling

In other National Bank of Canada news, Director Yvon Charest bought 191 shares of the company's stock in a transaction on Tuesday, August 18th. The stock was acquired at an average price of C$233.21 per share, for a total transaction 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 approximately C$4,942,419.53. This represents a 0.91% increase in their ownership of the stock. Insiders own 0.21% of the company's stock.

About National Bank of Canada

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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