Canaccord Genuity Group Forecasts Strong Price Appreciation for National Bank of Canada (TSE:NA) Stock

National Bank of Canada (TSE:NA) had its price target boosted by research analysts at Canaccord Genuity Group from C$180.00 to C$191.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has a “hold” rating on the financial services provider’s stock. Canaccord Genuity Group’s target price suggests a potential downside of 0.36% from the company’s previous close.

Several other brokerages also recently issued reports on NA. Barclays raised their price objective on shares of National Bank of Canada from C$177.00 to C$183.00 and gave the stock an “equal weight” rating in a research report on Thursday. Desjardins increased their target price on National Bank of Canada from C$182.00 to C$200.00 and gave the stock a “buy” rating in a research note on Thursday. Canadian Imperial Bank of Commerce boosted their price target on National Bank of Canada from C$189.00 to C$193.00 in a research note on Thursday. Jefferies Financial Group upped their price objective on National Bank of Canada from C$165.00 to C$172.00 in a report on Thursday. Finally, Scotiabank lifted their target price on National Bank of Canada from C$188.00 to C$202.00 and gave the stock an “outperform” rating in a report on Thursday. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$182.33.

National Bank of Canada Stock Up 1.3%

Shares of TSE NA traded up C$2.46 during midday trading on Thursday, hitting C$191.69. 884,043 shares of the company’s stock were exchanged, compared to its average volume of 1,489,403. The firm has a market capitalization of C$74.82 billion, a PE ratio of 19.04, a price-to-earnings-growth ratio of 7.14 and a beta of 1.05. National Bank of Canada has a 12 month low of C$106.67 and a 12 month high of C$192.39. The company’s 50 day moving average price is C$171.87 and its 200 day moving average price is C$161.33.

National Bank of Canada (TSE:NA) last announced its quarterly earnings results on Wednesday, February 25th. The financial services provider reported C$3.25 earnings per share (EPS) for the quarter. National Bank of Canada had a return on equity of 15.43% and a net margin of 19.69%.The business had revenue of C$3.89 billion during the quarter. On average, equities research analysts anticipate that National Bank of Canada will post 10.8360791 EPS for the current year.

More National Bank of Canada News

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

• Positive Sentiment: Q1 earnings beat: NA reported C$3.25 EPS and C$3.89B revenue, with strong profitability metrics (net margin ~19.7%, ROE ~15.4%). Management posted the press release, slide deck and held a conference call — all indicating solid underlying results. MarketBeat: Earnings release & call
• Positive Sentiment: Net profit rose to about $1.25B from $997M a year earlier, reflecting stronger wealth-management results and contributions from the Great Western Bank acquisition — a clear driver of the quarter’s outperformance. BNN Bloomberg: Q1 profit up to $1.25B
• Positive Sentiment: Analyst upgrade / higher target: Scotiabank raised its price target to C$202 and kept an “outperform” rating — providing third‑party validation for upside potential. BayStreet.CA: Scotiabank raises target to C$202
• Positive Sentiment: Share‑buyback signal: The bank announced intent to amend its normal course issuer bid, which may lead to increased buybacks (supportive for EPS and share price if executed). Newswire: NCIB amendment intention
• Neutral Sentiment: Broader market context: Coverage noted Toronto stocks advancing with National Bank highlighted for the earnings beat — supportive market tone but subject to broader market moves. MarketWatch: Toronto stocks advance
• Neutral Sentiment: Brand / marketing item: National Bank announced a partnership with tennis player Victoria Mboko — positive PR but unlikely to move fundamentals materially. CantechLetter: Partnership with Victoria Mboko

National Bank of Canada Company Profile

National Bank of Canada is the sixth-largest Canadian bank. The bank offers integrated financial services, primarily in the province of Quebec as well as the city of Toronto. Operational segments include personal and commercial banking, wealth management, and a financial markets group.