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National Bank of Canada (NA) Stock Forecast & Price Target

C$107.47
+1.26 (+1.19%)
(As of 06/18/2024 ET)

National Bank of Canada - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

C$113.92
6.00% Upside
High ForecastC$124.00
Average ForecastC$113.92
Low ForecastC$96.00
TypeCurrent Forecast
6/20/23 to 6/19/24
1 Month Ago
5/21/23 to 5/20/24
3 Months Ago
3/22/23 to 3/21/24
1 Year Ago
6/20/22 to 6/20/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
3 Buy rating(s)
3 Buy rating(s)
3 Buy rating(s)
1 Buy rating(s)
Hold
8 Hold rating(s)
8 Hold rating(s)
8 Hold rating(s)
3 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
Consensus Price TargetC$113.92C$110.50C$107.00C$105.77
Forecasted Upside6.00% Upside5.29% Upside4.52% Upside10.16% Upside
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NA Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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NA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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National Bank of Canada Stock vs. The Competition

TypeNational Bank of CanadaFinancial Services Companies
Consensus Rating Score
2.08
2.50
Consensus RatingHoldModerate Buy
News Sentiment RatingNeutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/18/2024Scotiabank
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 Lower TargetHoldC$119.00 ➝ C$116.00+7.96%
6/18/2024BMO Capital Markets
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 Lower TargetOutperformC$121.00 ➝ C$115.00+7.03%
6/6/2024Jefferies Financial Group
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 Lower TargetHoldC$123.00 ➝ C$121.00+2.73%
5/30/2024Canaccord Genuity Group
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 Boost TargetHoldC$109.00 ➝ C$117.00+1.05%
5/30/2024Desjardins
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 Boost TargetHoldC$116.00 ➝ C$119.00+2.78%
5/30/2024Royal Bank of Canada
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 Boost TargetSector PerformC$109.00 ➝ C$113.00-2.40%
5/30/2024Cormark
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 Boost TargetC$119.00 ➝ C$120.00+3.64%
5/30/2024CIBC
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 Boost TargetOutperformC$109.00 ➝ C$124.00+7.10%
5/10/2024TD Securities
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 Boost TargetC$118.00 ➝ C$121.00+4.12%
2/29/2024Veritas Investment Research
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 Reiterated RatingReduce
11/23/2023Keefe, Bruyette & Woods
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 Lower TargetMarket PerformC$101.00 ➝ C$97.00+8.03%
9/12/2023CSFB
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 Set TargetOutperformC$108.00+14.71%
8/21/2023Barclays
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John Aiken
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Boost TargetUnderweightC$93.00 ➝ C$96.00-3.55%
12/1/2022Credit Suisse Group
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 Lower TargetC$109.00+13.60%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 06:20 AM ET.

NA Forecast - Frequently Asked Questions

What is National Bank of Canada's stock forecast and purchase recommendation?

According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for National Bank of Canada is C$113.92, with a high forecast of C$124.00 and a low forecast of C$96.00. The consensus rating for National Bank of Canada stock is Hold based on the current 2 sell ratings, 8 hold ratings and 3 buy ratings for NA. Learn more on NA's analyst rating history.

Do Wall Street analysts like National Bank of Canada more than its competitors?

Analysts like National Bank of Canada less than other "financial services" companies. The consensus rating for National Bank of Canada is Hold while the average consensus rating for "financial services" companies is Moderate Buy. Learn more on how NA compares to other companies.

Does National Bank of Canada's stock price have much upside?

According to analysts, National Bank of Canada's stock has a predicted upside of 5.50% based on their 12-month stock forecasts.

What analysts cover National Bank of Canada?

National Bank of Canada has been rated by research analysts at BMO Capital Markets, Canaccord Genuity Group, CIBC, Cormark, Desjardins, Jefferies Financial Group, Royal Bank of Canada, Scotiabank, and TD Securities in the past 90 days.


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This page (TSE:NA) was last updated on 6/19/2024 by MarketBeat.com Staff

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