Canadian Imperial Bank of Commerce Raises National Bank of Canada (TSE:NA) Price Target to C$193.00

National Bank of Canada (TSE:NA) had its target price hoisted by investment analysts at Canadian Imperial Bank of Commerce from C$189.00 to C$193.00 in a report issued on Thursday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price target points to a potential upside of 0.68% from the stock’s current price.

NA has been the topic of several other research reports. Scotiabank upped their target price on shares of National Bank of Canada from C$188.00 to C$202.00 and gave the stock an “outperform” rating in a report on Thursday. Canaccord Genuity Group upped their price target on National Bank of Canada from C$170.00 to C$180.00 and gave the company a “hold” rating in a research note on Thursday, February 12th. Desjardins increased their price objective on shares of National Bank of Canada from C$182.00 to C$200.00 and gave the company a “buy” rating in a report on Thursday. Jefferies Financial Group boosted their target price on National Bank of Canada from C$165.00 to C$172.00 in a research report on Thursday. Finally, Royal Bank Of Canada upped their price objective on shares of National Bank of Canada from C$163.00 to C$193.00 in a research report on Thursday. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$182.33.

National Bank of Canada Price Performance

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

National Bank of Canada (TSE:NA) last announced its quarterly earnings results on Wednesday, February 25th. The financial services provider reported C$3.25 earnings per share (EPS) for the quarter. The firm had revenue of C$3.89 billion for the quarter. National Bank of Canada had a net margin of 19.69% and a return on equity of 15.43%. Sell-side analysts forecast that National Bank of Canada will post 10.8360791 earnings per share for the current fiscal year.

Key Stories Impacting National Bank of Canada

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.