National Bank of Canada (TSE:NA) Reaches New 12-Month High on Analyst Upgrade

National Bank of Canada (TSE:NA)’s share price reached a new 52-week high on Thursday after Canaccord Genuity Group raised their price target on the stock from C$180.00 to C$191.00. Canaccord Genuity Group currently has a hold rating on the stock. National Bank of Canada traded as high as C$190.09 and last traded at C$189.23, with a volume of 2457924 shares. The stock had previously closed at C$177.46.

Other equities analysts have also recently issued research reports about the company. Canadian Imperial Bank of Commerce raised their price objective on National Bank of Canada from C$189.00 to C$193.00 in a report on Thursday. Royal Bank Of Canada increased their price target on National Bank of Canada from C$163.00 to C$193.00 in a research report on Thursday. Scotiabank boosted their price target on National Bank of Canada from C$188.00 to C$202.00 and gave the stock an “outperform” rating in a research report on Thursday. BMO Capital Markets increased their price objective on National Bank of Canada from C$177.00 to C$195.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Jefferies Financial Group raised their target price on shares of National Bank of Canada from C$165.00 to C$172.00 in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$191.10.

Trending Headlines about National Bank of Canada

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

• Positive Sentiment: Desjardins raised its price target to C$200 and set a “buy” rating, signaling stronger bullish institutional conviction and adding upside to consensus expectations. Desjardins Raises Target
• Positive Sentiment: BMO Capital Markets lifted its target to C$195 and kept an “outperform” stance, which supports investor optimism about earnings resilience. BMO Raises Target
• Positive Sentiment: Scotiabank moved its target to C$202 and maintained an “outperform” view—another major bank upgrade that reinforces sector-level strength. Scotiabank Upgrade
• Positive Sentiment: Raymond James raised its target to C$200 (market perform) and RBC lifted its target to C$193; both moves add to the cluster of higher targets from large dealers. BayStreet Analyst Summary
• Positive Sentiment: Canadian Imperial Bank of Commerce raised its target to C$193, and Barclays raised its target to C$183 (see below for nuance) — overall more upward pressure on consensus targets. CIBC Raises Target
• Positive Sentiment: Macro/sector note — MoneySense highlights “big gains for Canada’s banks in Q1,” supporting a favorable backdrop for NA shares amid stronger net interest income and trading activity expectations. MoneySense Bank Q1 Note
• Neutral Sentiment: Canaccord raised its target to C$191 but keeps a “hold” — the move narrows uncertainty but doesn’t signal a clear buy-case; impact is mixed. Canaccord Update
• Negative Sentiment: Jefferies set a new target at C$172 and TD at C$182 (and Barclays’ C$183 sits below the recent market price), which could cap upside and add selling pressure from investors focused on target/price gaps. Jefferies Target TD Target

National Bank of Canada Trading Down 1.1%

The stock’s 50-day moving average price is C$172.53 and its 200-day moving average price is C$161.85. The company has a market cap of C$74.30 billion, a P/E ratio of 18.90, a PEG ratio of 7.14 and a beta of 1.05.

National Bank of Canada (TSE:NA) last posted its quarterly earnings results on Wednesday, February 25th. The financial services provider reported C$3.25 earnings per share for the quarter. The business had revenue of C$3.89 billion for the quarter. National Bank of Canada had a return on equity of 15.43% and a net margin of 19.69%. On average, 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 company also recently announced a quarterly dividend, which was paid on Sunday, February 1st. Stockholders of record on Sunday, February 1st were given a dividend of $1.24 per share. The ex-dividend date of this dividend was Monday, December 29th. This is a positive change from National Bank of Canada’s previous quarterly dividend of $1.18. This represents a $4.96 dividend on an annualized basis and a dividend yield of 2.6%. National Bank of Canada’s payout ratio is currently 46.08%.

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.