Desjardins Cuts National Bank of Canada (TSE:NA) Price Target to C$230.00

by · The Markets Daily

National Bank of Canada (TSE:NA – Free Report) had its target price cut by Desjardins from C$238.00 to C$230.00 in a report published on Thursday morning,BayStreet.CA reports. They currently have a hold rating on the financial services provider’s stock.

Other analysts have also issued reports about the stock. Raymond James Financial decreased their price target on shares of National Bank of Canada from C$226.50 to C$223.00 and set a “market perform” rating for the company in a research report on Thursday. Scotiabank lifted their price objective on shares of National Bank of Canada from C$241.00 to C$243.00 and gave the stock a “sector outperform” rating in a research report on Thursday. Canaccord Genuity Group boosted their price objective on shares of 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. Canadian Imperial Bank of Commerce raised shares of National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. Finally, Jefferies Financial Group increased their target price on shares of National Bank of Canada from C$196.00 to C$208.00 and gave the company a “hold” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$216.33.

Get Our Latest Report on National Bank of Canada

National Bank of Canada Price Performance

Shares of TSE NA opened at C$213.86 on Thursday. National Bank of Canada has a 1-year low of C$142.99 and a 1-year high of C$237.13. The business has a fifty day moving average price of C$225.40 and a 200 day moving average price of C$205.29. The stock has a market capitalization of C$82.37 billion, a P/E ratio of 18.93, 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 posted its earnings results on Wednesday, May 27th. The financial services provider reported C$3.23 earnings per share (EPS) for the quarter. The company had revenue of C$3.91 billion for the quarter. National Bank of Canada had a return on equity of 14.36% and a net margin of 14.92%. As a group, equities research analysts anticipate that National Bank of Canada will post 10.8360791 earnings per share for the current fiscal year.

National Bank of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, August 1st. Shareholders of record on Saturday, August 1st were paid a $1.32 dividend. This represents a $5.28 dividend on an annualized basis and a yield of 2.5%. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.24. The ex-dividend date was Monday, June 29th. National Bank of Canada’s dividend payout ratio (DPR) is 42.83%.

Insider Buying and Selling

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 acquired at an average price of C$233.21 per share, with a total value of C$44,543.11. Following the completion of the acquisition, the director owned 21,193 shares in the company, valued at C$4,942,419.53. The trade was a 0.91% increase in their ownership of the stock. Company insiders own 0.21% of the company’s stock.

More National Bank of Canada News

Here are the key news stories impacting National Bank of Canada this week:

  • Positive Sentiment: National Bank said mortgage growth has reached a record pace, with the bank leaning more heavily on the broker channel to capture demand. Stronger mortgage volumes could support loan growth and interest income. National Bank leans on broker channel as mortgage growth hits record pace
  • Positive Sentiment: Scotiabank raised its price target to C$243 from C$241 and maintained a “sector outperform” rating. RBC also increased its target to C$224 from C$214, although it retained a “sector perform” rating. These revisions indicate that some analysts see additional upside for NA. Analyst ratings
  • Neutral Sentiment: Management warned that tariffs will make business more difficult, highlighting risks to economic activity and corporate customers. However, the CEO remains encouraged by a potential “silver lining,” which could help temper concerns about the effect on the bank’s outlook. National Bank CEO discusses tariffs and the company outlook
  • Neutral Sentiment: Analyst views were mixed: Desjardins cut its target to C$230 from C$238, TD reduced its target to C$226 from C$227, and Raymond James lowered its target to C$223 from C$226.50, all maintaining hold or market perform ratings. Jefferies raised its target modestly to C$212 from C$208, but its new target implies little upside. Analyst ratings

National Bank of Canada Company Profile

(Get Free Report)

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).

Read More