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

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C$107.47

+1.26 (+1.19%)

(As of 06/18/2024 ET)

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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

Hold
Based on 13 Analyst Ratings

Consensus Price Target

C$113.92
6.00% Upside

High Forecast	C$124.00
Average Forecast	C$113.92
Low Forecast	C$96.00

Type	Current 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 Target	C$113.92	C$110.50	C$107.00	C$105.77
Forecasted Upside	6.00% Upside	5.29% Upside	4.52% Upside	10.16% 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.

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.

National Bank of Canada Stock vs. The Competition

Type	National Bank of Canada	Financial Services Companies
Consensus Rating Score	2.08	2.50
Consensus Rating	Hold	Moderate Buy
News Sentiment Rating	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
6/18/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	C$119.00 ➝ C$116.00	+7.96%
6/18/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$121.00 ➝ C$115.00	+7.03%
6/6/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	C$123.00 ➝ C$121.00	+2.73%
5/30/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	C$109.00 ➝ C$117.00	+1.05%
5/30/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	C$116.00 ➝ C$119.00	+2.78%
5/30/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform	C$109.00 ➝ C$113.00	-2.40%
Get the Latest News and Ratings for NA and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for National Bank of Canada and its competitors with MarketBeat's FREE daily newsletter.
5/30/2024	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$119.00 ➝ C$120.00	+3.64%
5/30/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$109.00 ➝ C$124.00	+7.10%
5/10/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$118.00 ➝ C$121.00	+4.12%
2/29/2024	Veritas Investment Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Reduce
11/23/2023	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform	C$101.00 ➝ C$97.00	+8.03%
9/12/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Outperform	C$108.00	+14.71%
8/21/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	John Aiken Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Underweight	C$93.00 ➝ C$96.00	-3.55%
12/1/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$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.