National Bank Financial Analyst Recommendations & Stock Picks

Name: Community Performance Rating
Item: National Bank Financial
Rating: 2.6
Author: MarketBeat

View the latest stock recommendations issued by analysts at National Bank Financial. This page tracks publicly reported analyst upgrades and downgrades, buy/hold/sell ratings, and price target changes for publicly traded companies. All data is compiled from credible public sources and updated regularly to reflect new insights from National Bank Financial's equity research team. MarketBeat is not affiliated with or endorsed by National Bank Financial.

24 Analysts
Updated 5/11/2026

Brokerage Ranking: Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating MarketBeat
Average Return: 00.00% 12-Month ROI
Total Ratings: 1,348 Last 12 Months
Buy Ratings: 806 Last 12 Months
Sell Ratings: 13 Last 12 Months
Companies Covered: 488 Last 12 Months

Company	Current Price	Report Date	Analyst	Action	Price Target	Rating	Details
ATZ Aritzia	C$145.25 -2.1%	5/11/2026		Boost Price Target	C$143.00 ➝ C$171.00	Outperform	View details for National Bank Financial rating of Aritzia (TSE:ATZ) on 5/11/2026
CSH.UN Chartwell Retirement Residences	C$21.05 -2.7%	5/11/2026		Boost Price Target	C$25.25 ➝ C$26.50	Outperform	View details for National Bank Financial rating of Chartwell Retirement Residences (TSE:CSH.UN) on 5/11/2026
ENB Enbridge	C$74.48 +1.6%	5/11/2026		Boost Price Target	C$72.00 ➝ C$73.00	Sector Perform	View details for National Bank Financial rating of Enbridge (TSE:ENB) on 5/11/2026
NFI NFI Group	C$20.52 -4.1%	5/11/2026		Boost Price Target	C$22.00 ➝ C$26.00	Outperform	View details for National Bank Financial rating of NFI Group (TSE:NFI) on 5/11/2026
ACO.X ATCO	C$68.88 +1.1%	5/8/2026		Boost Price Target	C$57.00 ➝ C$62.00	Sector Perform	View details for National Bank Financial rating of ATCO (TSE:ACO.X) on 5/8/2026
BTE Baytex Energy	C$6.57 -0.8%	5/8/2026		Boost Price Target	C$7.50 ➝ C$8.50	Sector Perform	View details for National Bank Financial rating of Baytex Energy (TSE:BTE) on 5/8/2026
CAS Cascades	C$10.59 -1.8%	5/8/2026		Lower Price Target	C$14.00 ➝ C$13.00	Sector Perform	View details for National Bank Financial rating of Cascades (TSE:CAS) on 5/8/2026
FTS Fortis	C$76.89 +0.2%	5/8/2026		Boost Price Target	C$74.00 ➝ C$75.00	Sector Perform	View details for National Bank Financial rating of Fortis (TSE:FTS) on 5/8/2026
GWO Great-West Lifeco	C$75.93 -0.4%	5/8/2026		Boost Price Target	C$65.00 ➝ C$73.00	Sector Perform	View details for National Bank Financial rating of Great-West Lifeco (TSE:GWO) on 5/8/2026
KMP.UN Killam Apartment REIT	C$17.99 +0.8%	5/8/2026		Boost Price Target	C$19.75 ➝ C$20.00	Outperform	View details for National Bank Financial rating of Killam Apartment REIT (TSE:KMP.UN) on 5/8/2026
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LCFS Tidewater Renewables	C$11.29 +7.0%	5/8/2026		Boost Price Target	C$8.00 ➝ C$13.25	Sector Perform	View details for National Bank Financial rating of Tidewater Renewables (TSE:LCFS) on 5/8/2026
MFI Maple Leaf Foods	C$28.50 -2.7%	5/8/2026		Boost Price Target	C$35.00 ➝ C$37.00	Outperform	View details for National Bank Financial rating of Maple Leaf Foods (TSE:MFI) on 5/8/2026
SRU.UN SmartCentres Real Estate Investment Trst	C$28.41 -0.2%	5/8/2026		Boost Price Target	C$27.10 ➝ C$28.00	Sector Perform	View details for National Bank Financial rating of SmartCentres Real Estate Investment Trst (TSE:SRU.UN) on 5/8/2026
TWM Tidewater Midstream and Infrastructure	C$16.48 +6.5%	5/8/2026		Boost Price Target	C$9.50 ➝ C$15.00	Sector Perform	View details for National Bank Financial rating of Tidewater Midstream and Infrastructure (TSE:TWM) on 5/8/2026
VNP 5N Plus	C$38.54 +2.5%	5/8/2026		Boost Price Target	C$38.00 ➝ C$41.00	Outperform	View details for National Bank Financial rating of 5N Plus (TSE:VNP) on 5/8/2026
WSP WSP Global	C$211.28 -2.0%	5/8/2026		Boost Price Target	C$268.00 ➝ C$272.00	Outperform	View details for National Bank Financial rating of WSP Global (TSE:WSP) on 5/8/2026
EFXT Enerflex	$26.71 -1.6%	5/7/2026		Upgrade		Sector Perform ➝ Outperform	View details for National Bank Financial rating of Enerflex (NYSE:EFXT) on 5/7/2026
CU Canadian Utilities	C$48.52 +0.7%	5/7/2026		Boost Price Target	C$45.00 ➝ C$46.00	Sector Perform	View details for National Bank Financial rating of Canadian Utilities (TSE:CU) on 5/7/2026
EFX Enerflex	C$36.54 -1.6%	5/7/2026		Upgrade	C$31.50 ➝ C$42.50	Hold ➝ Outperform	View details for National Bank Financial rating of Enerflex (TSE:EFX) on 5/7/2026
HPS.A Hammond Power Solutions	C$328.95 +5.7%	5/7/2026		Boost Price Target	C$235.00 ➝ C$325.00	Outperform	View details for National Bank Financial rating of Hammond Power Solutions (TSE:HPS.A) on 5/7/2026
RUS Russel Metals	C$57.21 +0.4%	5/7/2026		Boost Price Target	C$51.00 ➝ C$52.00	Outperform	View details for National Bank Financial rating of Russel Metals (TSE:RUS) on 5/7/2026
SLF Sun Life Financial	C$96.35 +0.5%	5/7/2026		Lower Price Target	C$109.00 ➝ C$108.00	Outperform	View details for National Bank Financial rating of Sun Life Financial (TSE:SLF) on 5/7/2026
VET Vermilion Energy	C$16.75 +3.7%	5/7/2026		Lower Price Target	C$30.00 ➝ C$27.00	Outperform	View details for National Bank Financial rating of Vermilion Energy (TSE:VET) on 5/7/2026
BLDP Ballard Power Systems	$4.17 +1.0%	5/6/2026		Boost Price Target	$3.15 ➝ $4.75	Sector Perform	View details for National Bank Financial rating of Ballard Power Systems (NASDAQ:BLDP) on 5/6/2026
CCO Cameco	C$164.54 +2.9%	5/6/2026		Boost Price Target	C$175.00 ➝ C$180.00	Outperform	View details for National Bank Financial rating of Cameco (TSE:CCO) on 5/6/2026
CJT Cargojet	C$80.95 -0.4%	5/6/2026		Boost Price Target	C$104.00 ➝ C$108.00	Outperform	View details for National Bank Financial rating of Cargojet (TSE:CJT) on 5/6/2026
IAG iA Financial	C$168.20 +1.3%	5/6/2026		Lower Price Target	C$181.00 ➝ C$179.00	Sector Perform	View details for National Bank Financial rating of iA Financial (TSE:IAG) on 5/6/2026
REI.UN RioCan Real Estate Investment Trust	C$21.79 -0.5%	5/6/2026		Boost Price Target	C$24.00 ➝ C$24.25	Outperform	View details for National Bank Financial rating of RioCan Real Estate Investment Trust (TSE:REI.UN) on 5/6/2026
SAP Saputo	C$40.19 -2.6%	5/6/2026		Lower Price Target	C$46.00 ➝ C$44.00	Sector Perform	View details for National Bank Financial rating of Saputo (TSE:SAP) on 5/6/2026
SDE Spartan Delta	C$12.63 +0.2%	5/6/2026		Boost Price Target	C$15.50 ➝ C$16.00	Outperform	View details for National Bank Financial rating of Spartan Delta (TSE:SDE) on 5/6/2026
WJX Wajax	C$29.13 -1.6%	5/6/2026		Lower Price Target	C$37.00 ➝ C$34.00	Outperform	View details for National Bank Financial rating of Wajax (TSE:WJX) on 5/6/2026
ERO Ero Copper	$28.97 +1.7%	5/5/2026		Upgrade		Sector Perform ➝ Outperform	View details for National Bank Financial rating of Ero Copper (NYSE:ERO) on 5/5/2026
ERO Ero Copper	C$39.66 +1.8%	5/5/2026		Upgrade	C$50.00	Hold ➝ Strong-Buy	View details for National Bank Financial rating of Ero Copper (TSE:ERO) on 5/5/2026
X TMX Group	C$53.95 -2.5%	5/5/2026		Boost Price Target	C$63.00 ➝ C$64.00	Sector Perform	View details for National Bank Financial rating of TMX Group (TSE:X) on 5/5/2026
AEM Agnico Eagle Mines	C$269.48 +1.9%	5/4/2026		Boost Price Target	C$345.00 ➝ C$350.00	Sector Outperform	View details for National Bank Financial rating of Agnico Eagle Mines (TSE:AEM) on 5/4/2026
BEP Brookfield Renewable Partners	$34.38 +1.0%	5/4/2026		Boost Price Target	$34.00 ➝ $36.00	Sector Outperform	View details for National Bank Financial rating of Brookfield Renewable Partners (NYSE:BEP) on 5/4/2026
IPCO International Petroleum	C$36.29 +1.7%	5/4/2026		Set Price Target	C$45.00	Sector Perform	View details for National Bank Financial rating of International Petroleum (TSE:IPCO) on 5/4/2026
REAL Real Matters	C$5.75 -2.5%	5/4/2026		Boost Price Target	C$7.00 ➝ C$7.50	Sector Perform	View details for National Bank Financial rating of Real Matters (TSE:REAL) on 5/4/2026
TRP TC Energy	C$89.69 +1.2%	5/4/2026		Boost Price Target	C$86.00 ➝ C$92.00	Hold ➝ Outperform	View details for National Bank Financial rating of TC Energy (TSE:TRP) on 5/4/2026
TRP TC Energy	$65.53 +1.2%	5/4/2026		Upgrade		Hold ➝ Strong-Buy	View details for National Bank Financial rating of TC Energy (NYSE:TRP) on 5/4/2026

EDV Endeavour Mining	C$92.14 +2.5%	5/3/2026		Boost Price Target	C$115.00 ➝ C$116.00	Outperform	View details for National Bank Financial rating of Endeavour Mining (TSE:EDV) on 5/3/2026
SNDR Schneider National	$29.87 -2.9%	5/1/2026		Set Price Target	$35.00		View details for National Bank Financial rating of Schneider National (NYSE:SNDR) on 5/1/2026
ALA AltaGas	C$51.51 +1.5%	5/1/2026		Boost Price Target	C$51.00 ➝ C$52.00	Outperform	View details for National Bank Financial rating of AltaGas (TSE:ALA) on 5/1/2026
AMC Arizona Metals	C$3.99 +3.1%	5/1/2026		Downgrade		Outperform ➝ Sector Perform	View details for National Bank Financial rating of Arizona Metals (CVE:AMC) on 5/1/2026
AP.UN Allied Properties Real Estate Investment Trust	C$9.74 -1.0%	5/1/2026		Lower Price Target	C$10.75 ➝ C$10.50	Sector Perform	View details for National Bank Financial rating of Allied Properties Real Estate Investment Trust (TSE:AP.UN) on 5/1/2026
BBD.B Bombardier, Inc. Class B	C$273.99 -5.2%	5/1/2026		Boost Price Target	C$286.00 ➝ C$296.00	Sector Perform	View details for National Bank Financial rating of Bombardier, Inc. Class B (TSE:BBD.B) on 5/1/2026
BDGI Badger Infrastructure Solutions	C$82.00 -2.5%	5/1/2026		Upgrade	C$74.00	Sector Perform ➝ Outperform	View details for National Bank Financial rating of Badger Infrastructure Solutions (TSE:BDGI) on 5/1/2026
BYD Boyd Group Services	C$154.86 -2.1%	5/1/2026		Lower Price Target	C$290.00 ➝ C$265.00	Outperform	View details for National Bank Financial rating of Boyd Group Services (TSE:BYD) on 5/1/2026
CS Capstone Copper	C$12.92 +2.4%	5/1/2026		Lower Price Target	C$15.00 ➝ C$14.00	Outperform	View details for National Bank Financial rating of Capstone Copper (TSE:CS) on 5/1/2026
GIL Gildan Activewear	C$78.87 -2.7%	5/1/2026		Boost Price Target	C$100.00 ➝ C$101.00	Outperform	View details for National Bank Financial rating of Gildan Activewear (TSE:GIL) on 5/1/2026
PD Precision Drilling	C$125.99 +4.8%	5/1/2026		Boost Price Target	C$140.00 ➝ C$150.00	Sector Perform	View details for National Bank Financial rating of Precision Drilling (TSE:PD) on 5/1/2026
SES Secure Energy Services	C$21.73 -0.4%	5/1/2026		Boost Price Target	C$21.00 ➝ C$23.00	Sector Perform	View details for National Bank Financial rating of Secure Energy Services (TSE:SES) on 5/1/2026
AMC Arizona Metals	C$0.18 -5.4%	4/30/2026		Downgrade		Strong-Buy ➝ Hold	View details for National Bank Financial rating of Arizona Metals (TSE:AMC) on 4/30/2026
ARE Aecon Group	C$53.00 -0.1%	4/30/2026		Boost Price Target	C$48.00 ➝ C$59.00	Outperform	View details for National Bank Financial rating of Aecon Group (TSE:ARE) on 4/30/2026
TIH Toromont Industries	C$216.24 -0.5%	4/30/2026		Boost Price Target	C$214.00 ➝ C$216.00	Outperform	View details for National Bank Financial rating of Toromont Industries (TSE:TIH) on 4/30/2026
CAC Camden National	$48.03 -2.6%	4/29/2026	Damon DelMonte Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Price Target	$50.00		View details for National Bank Financial rating of Camden National (NASDAQ:CAC) on 4/29/2026
DFY Definity Financial	C$66.58 -2.9%	4/29/2026		Boost Price Target	C$93.00 ➝ C$94.00		View details for National Bank Financial rating of Definity Financial (TSE:DFY) on 4/29/2026
FFH Fairfax Financial	C$2,257.83 +0.5%	4/29/2026		Boost Price Target	C$3,200.00 ➝ C$3,300.00		View details for National Bank Financial rating of Fairfax Financial (TSE:FFH) on 4/29/2026
IFC Intact Financial	C$253.33 -0.7%	4/29/2026		Boost Price Target	C$364.00 ➝ C$372.00		View details for National Bank Financial rating of Intact Financial (TSE:IFC) on 4/29/2026
IGM IGM Financial	C$77.38 +0.3%	4/29/2026		Boost Price Target	C$82.00 ➝ C$85.00		View details for National Bank Financial rating of IGM Financial (TSE:IGM) on 4/29/2026
X TMX Group	C$53.95 -2.5%	4/29/2026		Boost Price Target	C$60.00 ➝ C$63.00		View details for National Bank Financial rating of TMX Group (TSE:X) on 4/29/2026
RAY Stingray Digitl	C$14.65 -1.3%	4/28/2026		Lower Price Target	C$21.00 ➝ C$20.00	Outperform	View details for National Bank Financial rating of Stingray Digitl (TSE:RAY) on 4/28/2026
TFII TFI International	C$188.05 -1.1%	4/28/2026		Boost Price Target	C$190.00 ➝ C$208.00	Outperform	View details for National Bank Financial rating of TFI International (TSE:TFII) on 4/28/2026
VLY Valley National Bancorp	$13.27 -1.0%	4/27/2026	Janet Lee Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Price Target	$17.00		View details for National Bank Financial rating of Valley National Bancorp (NASDAQ:VLY) on 4/27/2026
CMG Computer Modelling Group	C$3.81 -4.0%	4/27/2026		Lower Price Target	C$6.00 ➝ C$5.00	Sector Perform	View details for National Bank Financial rating of Computer Modelling Group (TSE:CMG) on 4/27/2026
CVO Coveo Solutions	C$4.33 -5.9%	4/27/2026		Lower Price Target	C$9.00 ➝ C$7.00	Sector Perform	View details for National Bank Financial rating of Coveo Solutions (TSE:CVO) on 4/27/2026
EDV Endeavour Mining	C$92.14 +2.5%	4/27/2026		Boost Price Target	C$113.00 ➝ C$115.00	Outperform	View details for National Bank Financial rating of Endeavour Mining (TSE:EDV) on 4/27/2026
GIB.A CGI	C$89.43 -4.2%	4/27/2026		Lower Price Target	C$185.00 ➝ C$150.00	Outperform	View details for National Bank Financial rating of CGI (TSE:GIB.A) on 4/27/2026
TCS Tecsys	C$32.50 -7.8%	4/27/2026		Boost Price Target	C$32.00 ➝ C$40.00	Sector Perform	View details for National Bank Financial rating of Tecsys (TSE:TCS) on 4/27/2026
SLF Sun Life Financial	$70.49 +0.6%	4/24/2026		Upgrade		Sector Perform ➝ Outperform	View details for National Bank Financial rating of Sun Life Financial (NYSE:SLF) on 4/24/2026
GWO Great-West Lifeco	C$75.93 -0.4%	4/24/2026		Set Price Target	C$65.00	Sector Perform	View details for National Bank Financial rating of Great-West Lifeco (TSE:GWO) on 4/24/2026
IAG iA Financial	C$168.20 +1.3%	4/24/2026		Set Price Target	C$181.00	Sector Perform	View details for National Bank Financial rating of iA Financial (TSE:IAG) on 4/24/2026
MFC Manulife Financial	C$54.66 -0.1%	4/24/2026		Set Price Target	C$57.00	Outperform	View details for National Bank Financial rating of Manulife Financial (TSE:MFC) on 4/24/2026
MTL Mullen Group	C$21.00 -0.9%	4/24/2026		Boost Price Target	C$19.00 ➝ C$23.00	Outperform	View details for National Bank Financial rating of Mullen Group (TSE:MTL) on 4/24/2026
NEM Newmont	$120.54 +3.5%	4/24/2026	Shane Nagle Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Price Target	$130.00 ➝ $140.00	Sector Perform	View details for National Bank Financial rating of Newmont (NYSE:NEM) on 4/24/2026
PET Pet Valu	C$19.76 -2.0%	4/24/2026		Lower Price Target	C$28.00 ➝ C$27.00	Sector Perform	View details for National Bank Financial rating of Pet Valu (TSE:PET) on 4/24/2026
SFC Sagicor Financial	C$9.56 +2.0%	4/24/2026		Set Price Target	C$13.00	Outperform	View details for National Bank Financial rating of Sagicor Financial (TSE:SFC) on 4/24/2026
SLF Sun Life Financial	C$96.35 +0.5%	4/24/2026		Upgrade	C$109.00	Sector Perform ➝ Outperform	View details for National Bank Financial rating of Sun Life Financial (TSE:SLF) on 4/24/2026
TECK.B Teck Resources	C$89.28 +0.6%	4/24/2026		Boost Price Target	C$90.00 ➝ C$92.50	Sector Perform	View details for National Bank Financial rating of Teck Resources (TSE:TECK.B) on 4/24/2026
LCX Lycos Energy	C$2.18 -2.7%	4/23/2026		Upgrade	C$2.50 ➝ C$3.00	Hold ➝ Outperform	View details for National Bank Financial rating of Lycos Energy (CVE:LCX) on 4/23/2026
MRU Metro	C$88.14 -1.3%	4/23/2026		Lower Price Target	C$106.00 ➝ C$105.00	Sector Perform	View details for National Bank Financial rating of Metro (TSE:MRU) on 4/23/2026
RCI.B Rogers Communications	C$49.97 -1.1%	4/23/2026		Boost Price Target	C$60.00 ➝ C$62.00	Outperform	View details for National Bank Financial rating of Rogers Communications (TSE:RCI.B) on 4/23/2026
CJT Cargojet	C$80.95 -0.4%	4/22/2026		Lower Price Target	C$108.00 ➝ C$104.00	Outperform	View details for National Bank Financial rating of Cargojet (TSE:CJT) on 4/22/2026
SIS Savaria	C$27.87 -1.6%	4/22/2026		Boost Price Target	C$30.50 ➝ C$37.00	Outperform	View details for National Bank Financial rating of Savaria (TSE:SIS) on 4/22/2026
VNP 5N Plus	C$38.54 +2.5%	4/21/2026		Boost Price Target	C$33.00 ➝ C$38.00	Outperform	View details for National Bank Financial rating of 5N Plus (TSE:VNP) on 4/21/2026
BEI.UN Boardwalk Real Estate Investment Trust	C$64.41 -0.8%	4/20/2026		Lower Price Target	C$81.00 ➝ C$80.00	Outperform	View details for National Bank Financial rating of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) on 4/20/2026
CHP.UN Choice Properties Real Est Invstmnt Trst	C$15.61 +0.8%	4/20/2026		Boost Price Target	C$16.00 ➝ C$16.50	Sector Perform	View details for National Bank Financial rating of Choice Properties Real Est Invstmnt Trst (TSE:CHP.UN) on 4/20/2026
D.UN Dream Office Real Estate Investment Trst	C$17.60 +2.1%	4/20/2026		Lower Price Target	C$19.50 ➝ C$19.00	Sector Perform	View details for National Bank Financial rating of Dream Office Real Estate Investment Trst (TSE:D.UN) on 4/20/2026
GRT.UN Granite Real Estate Investment Trust	C$92.22 -1.3%	4/20/2026		Boost Price Target	C$102.50 ➝ C$110.00	Outperform	View details for National Bank Financial rating of Granite Real Estate Investment Trust (TSE:GRT.UN) on 4/20/2026
HR.UN H&R Real Estate Investment Trust	C$10.67 -0.2%	4/20/2026		Set Price Target	C$12.00	Outperform	View details for National Bank Financial rating of H&R Real Estate Investment Trust (TSE:HR.UN) on 4/20/2026

REI.UN RioCan Real Estate Investment Trust	C$21.79 -0.5%	4/20/2026		Boost Price Target	C$22.75 ➝ C$24.00	Outperform	View details for National Bank Financial rating of RioCan Real Estate Investment Trust (TSE:REI.UN) on 4/20/2026
SIA Sienna Senior Living	C$22.59 -1.3%	4/20/2026		Boost Price Target	C$24.50 ➝ C$27.50	Outperform	View details for National Bank Financial rating of Sienna Senior Living (TSE:SIA) on 4/20/2026
SVI StorageVault Canada	C$4.35 +0.7%	4/20/2026		Set Price Target	C$6.25	Outperform	View details for National Bank Financial rating of StorageVault Canada (TSE:SVI) on 4/20/2026
ABX Barrick Gold	C$64.40 +9.1%	4/17/2026		Lower Price Target	C$75.00 ➝ C$72.50	Outperform	View details for National Bank Financial rating of Barrick Gold (TSE:ABX) on 4/17/2026
AEM Agnico Eagle Mines	C$269.48 +1.9%	4/17/2026		Boost Price Target	C$330.00 ➝ C$345.00	Outperform	View details for National Bank Financial rating of Agnico Eagle Mines (TSE:AEM) on 4/17/2026
AGI Alamos Gold	C$60.08 +1.2%	4/17/2026		Lower Price Target	C$88.00 ➝ C$87.00	Outperform	View details for National Bank Financial rating of Alamos Gold (TSE:AGI) on 4/17/2026
BTO B2Gold	C$7.36 +1.5%	4/17/2026		Lower Price Target	C$10.25 ➝ C$10.00	Outperform	View details for National Bank Financial rating of B2Gold (TSE:BTO) on 4/17/2026
CAE CAE	C$35.73 -3.1%	4/17/2026		Boost Price Target	C$52.00 ➝ C$53.00	Outperform	View details for National Bank Financial rating of CAE (TSE:CAE) on 4/17/2026
CCO Cameco	C$164.54 +2.9%	4/17/2026		Boost Price Target	C$170.00 ➝ C$175.00	Outperform	View details for National Bank Financial rating of Cameco (TSE:CCO) on 4/17/2026
DML Denison Mines	C$5.25 +2.5%	4/17/2026		Boost Price Target	C$6.00 ➝ C$6.50	Outperform	View details for National Bank Financial rating of Denison Mines (TSE:DML) on 4/17/2026

MarketBeat Community Rating for National Bank Financial

MarketBeat's community ratings are surveys of what our community members think about National Bank Financial and other research firms in the last 90 days. Vote "Outperform" if you believe National Bank Financial's recommendations will outperform the broader market over the long term. Vote "Underperform" if you believe National Bank Financial's recommendations will underperform the broader market over the long term. You may vote once every thirty days.

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COMMUNITY RATINGS: 2.6out of 5 (last 90 days)
2.6 of 5 stars
OUTPERFORM VOTES: 37 Believe will outperform the market
UNDERPERFORM VOTES: 35 Believe will underperform the market

Analysts at National Bank Financial

National Bank Financial's equity research team has issued ratings on 469 companies across 20 sectors over the past 12 months, covered by 24 analysts. The National Bank Financial analysts below are listed by number of ratings issued in the last year.

National Bank Financial Stock Coverage by Sector

National Bank Financial concentrates its research most heavily in Basic Materials (23.6%), Energy (14.3%) and Industrials (10.7%). The chart below shows how National Bank Financial's 488 rated companies are distributed across all 20 sectors it covers.

Basic Materials
115 companies
23.6%
Energy
70 companies
14.3%
Industrials
52 companies
10.7%
Financial Services
37 companies
7.6%
Finance
33 companies
6.8%
Real Estate
33 companies
6.8%
Consumer Cyclical
29 companies
5.9%
Utilities
27 companies
5.5%
Consumer Defensive
20 companies
4.1%
Computer and Technology
19 companies
3.9%
Medical
12 companies
2.5%
Communication Services
11 companies
2.3%
Business Services
10 companies
2.0%
Transportation
6 companies
1.2%
Manufacturing
5 companies
1.0%
Consumer Discretionary
3 companies
0.6%
Auto/Tires/Trucks
2 companies
0.4%
Retail/Wholesale
2 companies
0.4%
Consumer Staples
1 company
0.2%
Construction
1 company
0.2%

Best & Worst Calls

Best Call
000000.0%
TSE:SCL
Lower Price Target • Mar 30, 2020
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Worst Call
000.0%
TSE:SHOP
Boost Price Target • Jul 16, 2021
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National Bank Financial - Frequently Asked Questions

National Bank Financial's analysts currently have buy-equivalent ratings on 326 companies. Recent upgrades to buy include Enerflex, Ero Copper, TC Energy, Badger Infrastructure Solutions and Sun Life Financial.

National Bank Financial's highest-rated analysts by MarketBeat's accuracy score include Shane Nagle, Patrick Kenny and Cameron Doerksen. Rankings are based on historical rating accuracy and price target precision over the past 12 months. MarketBeat tracks 24 analysts at National Bank Financial.

National Bank Financial has the deepest coverage in Basic Materials (23.6% of rated companies), Energy (14.3% of rated companies), Industrials (10.7% of rated companies), Financial Services (7.6% of rated companies) and Finance (6.8% of rated companies).

National Bank Financial issued 1,348 ratings over the last 12 months across 488 companies â€” an average of roughly 112 rating actions per month. These include boost price target, downgrade, initiated coverage, lower price target, reiterated rating, set price target and upgrade. MarketBeat tracks every rating change as it's published so you can see the most current National Bank Financial analyst actions.

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