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

National Bank of Canada (TSE:NA) had its price objective hoisted by investment analysts at Scotiabank from C$241.00 to C$243.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a “sector outperform” rating on the financial services provider’s stock. Scotiabank’s price objective would suggest a potential upside of 14.84% from the stock’s current price.

A number of other brokerages have also weighed in on NA. Barclays boosted their price target on National Bank of Canada from C$188.00 to C$220.00 in a research note on Friday, August 21st. Desjardins downgraded shares of National Bank of Canada from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$217.00 to C$238.00 in a research report on Wednesday, August 5th. Jefferies Financial Group raised their price target on shares of National Bank of Canada from C$196.00 to C$208.00 and gave the stock a “hold” rating in a report on Thursday, August 13th. Canadian Imperial Bank of Commerce raised shares of National Bank of Canada from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 18th. Finally, Canaccord Genuity Group raised their target price on National Bank of Canada from C$205.00 to C$224.00 and gave the stock a “hold” rating in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$216.33.

National Bank of Canada Trading Down 0.7%

Shares of NA stock traded down C$1.58 during trading hours on Thursday, reaching C$211.60. 686,860 shares of the company’s stock were exchanged, compared to its average volume of 1,424,754. The company has a market cap of C$81.50 billion, a price-to-earnings ratio of 18.73, a P/E/G ratio of 7.14 and a beta of 1.35. National Bank of Canada has a fifty-two week low of C$142.52 and a fifty-two week high of C$237.13. The stock’s 50 day moving average is C$225.71 and its 200-day moving average is C$204.92.

National Bank of Canada (TSE:NA) last announced its earnings results on Wednesday, May 27th. The financial services provider reported C$3.23 earnings per share (EPS) for the quarter. National Bank of Canada had a return on equity of 13.77% and a net margin of 16.87%.The company had revenue of C$3.91 billion for the quarter. Equities analysts anticipate that National Bank of Canada will post 10.8360791 EPS for the current year.

Insider Activity

In related news, Director Yvon Charest acquired 191 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was acquired at an average price of C$233.21 per share, with a total value of C$44,543.11. Following the acquisition, the director directly owned 21,193 shares in the company, valued at C$4,942,419.53. This represents a 0.91% increase in their position. 0.21% of the stock is currently owned by company insiders.

National Bank of Canada Company Profile

With $618 billion in assets as at April 30, 2026, National Bank of Canada (the ‘Bank’) is one of Canada’s six systemically important banks. The Bank has more than 35,000 employees in knowledge-intensive positions and operates through three business segments in Canada: Personal and Commercial Banking, Wealth Management and Financial Markets. A fourth segment, U.S. Specialty Finance and International, complements the growth of its domestic operations. Its securities are listed on the Toronto Stock Exchange (TSX: NA).