Canaccord Genuity Group Boosts National Bank of Canada (TSE:NA) Price Target to C$191.00

National Bank of Canada (TSE:NA) had its price objective hoisted by Canaccord Genuity Group from C$180.00 to C$191.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. Canaccord Genuity Group’s price objective points to a potential downside of 0.36% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. Barclays raised their target price on shares of National Bank of Canada from C$177.00 to C$183.00 and gave the company an “equal weight” rating in a research report on Thursday. 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. Jefferies Financial Group boosted their price objective on National Bank of Canada from C$165.00 to C$172.00 in a research report on Thursday. Scotiabank increased their target price 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. Finally, Desjardins lifted their price target on National Bank of Canada from C$182.00 to C$200.00 and gave the company a “buy” rating in a research note on Thursday. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$182.33.

National Bank of Canada Stock Up 1.3%

Shares of NA traded up C$2.46 during midday trading on Thursday, hitting C$191.69. The company’s stock had a trading volume of 884,043 shares, compared to its average volume of 1,489,403. National Bank of Canada has a one year low of C$106.67 and a one year high of C$192.39. The stock has a market capitalization of C$74.82 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 7.14 and a beta of 1.05. The company’s fifty day simple moving average is C$171.87 and its two-hundred day simple moving average is C$161.33.

National Bank of Canada (TSE:NA) last announced its quarterly earnings data on Wednesday, February 25th. The financial services provider reported C$3.25 earnings per share for the quarter. National Bank of Canada had a return on equity of 15.43% and a net margin of 19.69%.The business had revenue of C$3.89 billion during the quarter. On average, research analysts predict that National Bank of Canada will post 10.8360791 earnings per share for the current year.

National Bank of Canada News Summary

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

• Positive Sentiment: Q1 earnings beat: NA reported C$3.25 EPS and C$3.89B revenue, with strong profitability metrics (net margin ~19.7%, ROE ~15.4%). Management posted the press release, slide deck and held a conference call — all indicating solid underlying results. MarketBeat: Earnings release & call
• Positive Sentiment: Net profit rose to about $1.25B from $997M a year earlier, reflecting stronger wealth-management results and contributions from the Great Western Bank acquisition — a clear driver of the quarter’s outperformance. BNN Bloomberg: Q1 profit up to $1.25B
• Positive Sentiment: Analyst upgrade / higher target: Scotiabank raised its price target to C$202 and kept an “outperform” rating — providing third‑party validation for upside potential. BayStreet.CA: Scotiabank raises target to C$202
• Positive Sentiment: Share‑buyback signal: The bank announced intent to amend its normal course issuer bid, which may lead to increased buybacks (supportive for EPS and share price if executed). Newswire: NCIB amendment intention
• Neutral Sentiment: Broader market context: Coverage noted Toronto stocks advancing with National Bank highlighted for the earnings beat — supportive market tone but subject to broader market moves. MarketWatch: Toronto stocks advance
• Neutral Sentiment: Brand / marketing item: National Bank announced a partnership with tennis player Victoria Mboko — positive PR but unlikely to move fundamentals materially. CantechLetter: Partnership with Victoria Mboko

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.