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

Key Points

• The price target for National Bank of Canada has been raised from C$136.00 to C$150.00 by Desjardins, indicating a potential upside of 0.64% from the current share price.
• Jefferies Financial Group has increased its price objective for the bank to C$157.00, while Scotiabank has changed its rating to a "strong-buy."
• The National Bank of Canada currently has an average rating of "Hold" and a consensus price target of C$139.45 from various analysts.

National Bank of Canada (TSE:NA - Get Free Report) had its price target hoisted by stock analysts at Desjardins from C$136.00 to C$150.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has a "hold" rating on the financial services provider's stock. Desjardins' target price indicates a potential downside of 0.42% from the stock's previous close. Desjardins also issued estimates for National Bank of Canada's Q3 2025 earnings at $2.76 EPS, FY2025 earnings at $11.15 EPS and FY2026 earnings at $11.65 EPS.

Several other equities analysts have also commented on the company. Jefferies Financial Group upped their target price on National Bank of Canada from C$139.00 to C$157.00 in a report on Wednesday, August 13th. Royal Bank Of Canada boosted their price objective on National Bank of Canada from C$148.00 to C$152.00 and gave the company a "sector perform" rating in a research report on Monday, June 9th. Scotiabank raised National Bank of Canada to a "strong-buy" rating in a research report on Thursday, May 15th. CIBC raised their target price on National Bank of Canada from C$125.00 to C$127.00 and gave the company an "underperform" rating in a research note on Thursday, June 5th. Finally, Cibc World Mkts upgraded shares of National Bank of Canada from a "strong sell" rating to a "hold" rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of C$140.08.

National Bank of Canada Price Performance

Shares of TSE:NA traded up C$0.12 during trading on Wednesday, reaching C$150.63. 440,607 shares of the company's stock traded hands, compared to its average volume of 1,825,037. The stock has a market capitalization of C$58.73 billion, a P/E ratio of 13.36, a price-to-earnings-growth ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 12 month low of C$106.67 and a 12 month high of C$151.40. The company has a 50 day moving average of C$141.71 and a 200-day moving average of C$128.92.

Insiders Place Their Bets

In related news, Director Yvon Charest bought 362 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The stock was purchased at an average price of C$127.93 per share, for a total transaction of C$46,310.66. 0.21% of the stock is owned by insiders.

About National Bank of Canada

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.