National Bank of Canada (TSE:NA – Free Report) had its price objective hoisted by Raymond James Financial from C$179.00 to C$200.00 in a report released on Thursday morning,BayStreet.CA reports. The firm currently has a market perform rating on the financial services provider’s stock.
Several other equities analysts have also weighed in on NA. Canadian Imperial Bank of Commerce upgraded shares of National Bank of Canada from a “hold” rating to an “outperform” rating and lifted their target price for the company from C$179.00 to C$189.00 in a report on Friday, February 13th. Scotiabank raised their price objective on National Bank of Canada from C$188.00 to C$202.00 and gave the company an “outperform” rating in a research report on Thursday. BMO Capital Markets boosted their price objective on National Bank of Canada from C$172.00 to C$177.00 in a research note on Wednesday, December 17th. Jefferies Financial Group increased their target price on National Bank of Canada from C$156.00 to C$165.00 in a research note on Wednesday, February 11th. Finally, Desjardins raised their target price on National Bank of Canada from C$182.00 to C$200.00 and gave the company a “buy” rating in a report on Thursday. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, National Bank of Canada currently has a consensus rating of “Hold” and an average target price of C$191.10.
View Our Latest Research Report on National Bank of Canada
National Bank of Canada Trading Down 1.1%
National Bank of Canada (TSE:NA – Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The financial services provider reported C$3.25 EPS for the quarter. National Bank of Canada had a return on equity of 15.43% and a net margin of 19.69%.The company had revenue of C$3.89 billion for the quarter. As a group, sell-side analysts predict that National Bank of Canada will post 10.8360791 EPS for the current year.
National Bank of Canada Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Sunday, February 1st. Stockholders of record on Sunday, February 1st were paid a dividend of $1.24 per share. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.18. This represents a $4.96 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Monday, December 29th. National Bank of Canada’s payout ratio is 46.08%.
Key Headlines Impacting 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
About National Bank of Canada
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.
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