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 objective cut by investment analysts at Canadian Imperial Bank of Commerce from C$249.00 to C$242.00 in a research report issued on Thursday, BayStreet reports. The firm currently has an “outperformer” rating on the financial services provider’s stock. Canadian Imperial Bank of Commerce’s price objective would suggest a potential upside of 11.06% from the stock’s previous close.

Several other research firms also recently issued reports on NA. Raymond James Financial cut their price objective on National Bank of Canada from C$226.50 to C$223.00 and set a “market perform” rating on the stock in a report on Thursday, August 27th. TD lowered their target price on National Bank of Canada from C$227.00 to C$226.00 and set a “hold” rating for the company in a report on Thursday, August 27th. Jefferies Financial Group lifted their target price on National Bank of Canada from C$208.00 to C$212.00 in a research report on Thursday, August 27th. Barclays boosted their price target on shares of National Bank of Canada from C$188.00 to C$220.00 in a research note on Friday, August 21st. Finally, Scotiabank increased their price target 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 report on Thursday, August 27th. Three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$218.50.

National Bank of Canada Stock Up 1.8%

TSE:NA traded up C$3.92 during trading hours on Thursday, reaching C$217.91. 366,880 shares of the stock were exchanged, compared to its average volume of 1,434,016. The business has a 50-day moving average of C$224.69 and a two-hundred day moving average of C$206.35. National Bank of Canada has a twelve month low of C$143.29 and a twelve month high of C$237.13. The company has a market capitalization of C$83.47 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 7.14 and a beta of 1.35.

Insider Activity

In other National Bank of Canada news, Director Yvon Charest bought 191 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were acquired at an average cost of C$233.21 per share, with a total value of C$44,543.11. Following the acquisition, the director directly owned 21,193 shares of the company’s stock, valued at C$4,942,419.53. The trade was a 0.91% increase in their position. Company insiders own 0.21% of the company’s stock.

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).