Desjardins Issues Pessimistic Forecast for National Bank of Canada (TSE:NA) Stock Price

National Bank of Canada (TSE:NA) had its price objective cut by stock analysts at Desjardins from C$140.00 to C$136.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. Desjardins’ price objective indicates a potential upside of 12.95% from the stock’s previous close. Desjardins also issued estimates for National Bank of Canada’s Q2 2025 earnings at $2.39 EPS, Q3 2025 earnings at $2.60 EPS, Q3 2025 earnings at $2.60 EPS, Q4 2025 earnings at $2.83 EPS, Q4 2025 earnings at $2.83 EPS, FY2026 earnings at $11.60 EPS and FY2026 earnings at $11.60 EPS.

Several other brokerages have also recently commented on NA. Cibc World Mkts cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. CIBC cut their price target on National Bank of Canada from C$141.00 to C$135.00 in a report on Tuesday, February 18th. Royal Bank of Canada cut their price target on National Bank of Canada from C$145.00 to C$144.00 and set a “sector perform” rating on the stock in a report on Thursday. Canaccord Genuity Group increased their price target on National Bank of Canada from C$135.00 to C$142.00 in a report on Thursday, December 5th. Finally, Barclays cut National Bank of Canada from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 21st. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$137.20.

National Bank of Canada Price Performance

Shares of NA stock opened at C$120.41 on Thursday. The business’s 50 day simple moving average is C$128.77 and its 200 day simple moving average is C$128.84. National Bank of Canada has a one year low of C$104.84 and a one year high of C$141.15. The stock has a market capitalization of C$46.95 billion, a PE ratio of 10.68, a PEG ratio of 7.14 and a beta of 1.12.

Insider Transactions at National Bank of Canada

In related news, Director Robert Paré purchased 4,200 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average cost of C$120.34 per share, with a total value of C$505,428.00. Also, insider Marie-Chantal Gingras purchased 1,750 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was bought at an average cost of C$119.45 per share, with a total value of C$209,037.50. Insiders have bought 6,344 shares of company stock valued at $763,776 over the last ninety days. 0.21% of the stock is owned by company insiders.

About National Bank of Canada

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.