Desjardins Forecasts Strong Price Appreciation for National Bank of Canada (TSE:NA) Stock

National Bank of Canada (TSE:NA) had its price objective boosted by Desjardins from C$136.00 to C$150.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has a “hold” rating on the financial services provider’s stock. Desjardins’ price target suggests a potential upside of 0.05% from the stock’s previous close. Desjardins also issued estimates for National Bank of Canada’s FY2025 earnings at $11.15 EPS and FY2026 earnings at $11.65 EPS.

NA has been the topic of several other reports. Canaccord Genuity Group increased their price objective on shares of National Bank of Canada from C$136.00 to C$138.00 and gave the stock a “hold” rating in a report on Tuesday, June 24th. Cibc World Mkts upgraded shares of National Bank of Canada from a “strong sell” rating to a “hold” rating in a report on Friday, August 1st. Scotiabank upgraded shares of National Bank of Canada to a “strong-buy” rating in a report on Thursday, May 15th. CIBC raised their price target on shares of National Bank of Canada from C$125.00 to C$127.00 and gave the company an “underperform” rating in a report on Thursday, June 5th. Finally, Royal Bank Of Canada raised their price target on shares of National Bank of Canada from C$148.00 to C$152.00 and gave the company a “sector perform” rating in a report on Monday, June 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$140.08.

National Bank of Canada Price Performance

Shares of NA stock opened at C$149.93 on Wednesday. The firm has a market cap of C$58.45 billion, a P/E ratio of 13.30, a PEG ratio of 7.14 and a beta of 1.12. National Bank of Canada has a 1-year low of C$106.67 and a 1-year high of C$149.93. The firm’s 50-day simple moving average is C$141.06 and its 200-day simple moving average is C$128.65.

Insider Activity at National Bank of Canada

In other news, Director Yvon Charest bought 362 shares of National Bank of Canada stock in a transaction dated Tuesday, May 20th. The shares were acquired at an average cost of C$127.93 per share, with a total value of C$46,310.66. Insiders own 0.21% of the company’s stock.

National Bank of Canada Company Profile

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.