Desjardins Cuts National Bank of Canada (TSE:NA) Price Target to C$230.00

National Bank of Canada (TSE:NA) had its price target lowered by analysts at Desjardins from C$238.00 to C$230.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. Desjardins’ price objective points to a potential upside of 8.70% from the company’s current price.

NA has been the subject of several other research reports. Raymond James Financial lowered their target price on shares of National Bank of Canada from C$226.50 to C$223.00 and set a “market perform” rating for the company in a report on Thursday. Scotiabank increased their price objective on shares of National Bank of Canada from C$241.00 to C$243.00 and gave the stock a “sector outperform” rating in a research report on Thursday. Jefferies Financial Group boosted their target price on National Bank of Canada from C$196.00 to C$208.00 and gave the company a “hold” rating in a research report on Thursday, August 13th. Canadian Imperial Bank of Commerce raised National Bank of Canada from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. Finally, Canaccord Genuity Group boosted their price objective on National Bank of Canada from C$205.00 to C$224.00 and gave the company a “hold” rating in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$216.33.

National Bank of Canada Trading Down 0.7%

TSE:NA traded down C$1.58 during midday trading on Thursday, hitting C$211.60. 686,860 shares of the company traded hands, compared to its average volume of 1,424,754. The firm’s fifty day moving average is C$225.71 and its 200-day moving average is C$204.92. National Bank of Canada has a 12-month low of C$142.52 and a 12-month high of C$237.13. The firm has a market capitalization of C$81.50 billion, a P/E ratio of 18.73, a P/E/G ratio of 7.14 and a beta of 1.35.

National Bank of Canada (TSE:NA) last posted its quarterly earnings data on Wednesday, May 27th. The financial services provider reported C$3.23 EPS for the quarter. National Bank of Canada had a net margin of 16.87% and a return on equity of 13.77%. The company had revenue of C$3.91 billion during the quarter. On average, research analysts expect that National Bank of Canada will post 10.8360791 EPS for the current fiscal year.

Insider Activity at National Bank of Canada

In other news, Director Yvon Charest purchased 191 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were purchased at an average price of C$233.21 per share, for a total transaction of C$44,543.11. Following the completion of the purchase, the director owned 21,193 shares in the company, valued at approximately C$4,942,419.53. This represents a 0.91% increase in their position. Corporate insiders own 0.21% of the company’s stock.

About National Bank of Canada

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).