Canadian Imperial Bank of Commerce Cuts National Bank of Canada (TSE:NA) Price Target to C$242.00

National Bank of Canada (TSE:NA) had its price target reduced by Canadian Imperial Bank of Commerce from C$249.00 to C$242.00 in a research report released on Thursday,BayStreet reports. They currently have an outperformer rating on the financial services provider’s stock.

Other research analysts also recently issued reports about the company. Desjardins set a C$230.00 price objective on National Bank of Canada and gave the company a “hold” rating in a research note on Wednesday. Scotiabank lifted their target price 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 note on Thursday, August 27th. Raymond James Financial dropped 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, August 27th. Canaccord Genuity Group increased their target price on shares of National Bank of Canada from C$205.00 to C$224.00 and gave the company a “hold” rating in a research report on Tuesday, July 7th. Finally, Jefferies Financial Group raised their price target on shares of National Bank of Canada from C$208.00 to C$212.00 in a research note on Thursday, August 27th. Three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$218.50.

National Bank of Canada Price Performance

Shares of National Bank of Canada stock opened at C$217.91 on Thursday. The stock has a market capitalization of C$83.47 billion, a P/E ratio of 18.22, a PEG ratio of 7.14 and a beta of 1.21. The business has a 50 day simple moving average of C$224.49 and a two-hundred day simple moving average of C$206.73. National Bank of Canada has a 12 month low of C$144.52 and a 12 month high of C$237.13.

National Bank of Canada Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, August 1st. Shareholders of record on Saturday, August 1st were paid a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 2.4%. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.24. The ex-dividend date of this dividend was Monday, June 29th. National Bank of Canada’s payout ratio is presently 41.64%.

Insiders Place Their Bets

In other news, Director Yvon Charest purchased 191 shares of the company’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 purchase, the director directly owned 21,193 shares in the company, valued at approximately C$4,942,419.53. This represents a 0.91% increase in their position. 0.21% of the stock is owned by insiders.

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).