National Bank Financial Stock Recommendations and Price Targets

This is a list of recent ratings by National Bank Financial.

Company NameActionCurrent
Price
Price
Target
RatingImpact on
Share Price
Bank of Montreal (BMO.TO) logo
BMO
Bank of Montreal (BMO.TO)
Boost Price TargetC$108.00C$102.00 ➝ C$113.00Sector PerformN/A
AND
Andlauer Healthcare Group Inc. (AND.TO)
Boost Price TargetC$43.00C$36.25 ➝ C$38.00Sector PerformN/A
The Bank of Nova Scotia (BNS.TO) logo
BNS
The Bank of Nova Scotia (BNS.TO)
Reiterated RatingC$76.00C$70.00 ➝ C$77.00Sector PerformN/A
Inter Pipeline logo
IPL
Inter Pipeline
Boost Price TargetC$18.00C$15.00 ➝ C$18.00Sector PerformN/A
Thomson Reuters Co. (TRI.TO) logo
TRI
Thomson Reuters Co. (TRI.TO)
Boost Price TargetC$112.00C$115.00 ➝ C$122.00OutperformN/A
IPPLF
Inter Pipeline
Reiterated Rating$14.00Sector PerformLow
EQGPF
Equitable Group
Boost Price Target$112.00OutperformN/A
Gibson Energy logo
GBNXF
Gibson Energy
Reiterated Rating$18.00N/A
Ritchie Bros. Auctioneers logo
RBA
Ritchie Bros. Auctioneers
Upgrade$54.00Sector Perform ➝ OutperformMedium
BRP Inc. (DOO.TO) logo
DOO
BRP Inc. (DOO.TO)
Boost Price TargetC$93.00C$88.00 ➝ C$102.00OutperformN/A
Equitable Group Inc. (EQB.TO) logo
EQB
Equitable Group Inc. (EQB.TO)
Boost Price TargetC$141.00C$138.00 ➝ C$160.00OutperformN/A
Gibson Energy logo
GEI
Gibson Energy
Lower Price TargetC$22.00C$23.00 ➝ C$22.00Sector PerformN/A
Just Energy Group logo
JE
Just Energy Group
DowngradeC$5.00C$10.00 ➝ C$1.75Sector Perform ➝ UnderperformN/A
Parkland logo
PKI
Parkland
Lower Price TargetC$39.00C$46.00 ➝ C$44.00OutperformN/A
BRP logo
DOOO
BRP
Reiterated Rating$75.00OutperformLow
MAVBF
MAV Beauty Brands
Downgrade$5.00Outperform ➝ Sector PerformLow
Chorus Aviation logo
CHR
Chorus Aviation
Boost Price TargetC$4.00C$3.60 ➝ C$4.00Sector PerformN/A
Hudbay Minerals logo
HBM
Hudbay Minerals
Boost Price TargetC$10.00C$11.00 ➝ C$11.50Sector PerformN/A
Lundin Mining logo
LUN
Lundin Mining
Boost Price TargetC$15.00C$13.50 ➝ C$15.50Sector PerformN/A
Ritchie Bros. Auctioneers logo
RBA
Ritchie Bros. Auctioneers
Lower Price Target$54.00$68.50 ➝ $57.00Sector Perform ➝ Sector PerformLow
Uni-Select logo
UNS
Uni-Select
Boost Price TargetC$10.00C$8.50 ➝ C$10.00Sector PerformN/A
Canadian Tire logo
CDNAF
Canadian Tire
Reiterated Rating$134.00OutperformLow
Lundin Mining logo
LUNMF
Lundin Mining
Reiterated Rating$12.00Sector PerformLow
MTYFF
MTY Food Group
Reiterated Rating$42.00Sector PerformLow
Ritchie Bros. Auctioneers logo
RBA
Ritchie Bros. Auctioneers
Lower Price TargetC$68.00 C$57.00Sector PerformN/A
Just Energy Group logo
JE
Just Energy Group
Downgrade$4.00Sector Perform Under Weight ➝ Underperform UnderweightMedium
Canadian Imperial Bank of Commerce (CM.TO) logo
CM
Canadian Imperial Bank of Commerce (CM.TO)
Boost Price TargetC$118.00C$124.00 ➝ C$126.00NAN/A
5N Plus Inc. (VNP.TO) logo
VNP
5N Plus Inc. (VNP.TO)
Boost Price TargetC$5.00C$4.00 ➝ C$5.00OutperformN/A
Dream Industrial Real Estate Invest Trst logo
DIR.UN
Dream Industrial Real Estate Invest Trst
Boost Price TargetC$13.00C$13.75 ➝ C$14.75OutperformN/A
First Quantum Minerals logo
FM
First Quantum Minerals
Boost Price TargetC$31.00C$28.50 ➝ C$29.00OutperformN/A
Shopify logo
SHOP
Shopify
Boost Price Target$1,301.00$1,400.00 ➝ $1,650.00OutperformLow
Advantage Oil & Gas logo
AAV
Advantage Oil & Gas
Boost Price TargetC$3.00C$3.00 ➝ C$3.75N/A
ARC Resources Ltd. (ARX.TO) logo
ARX
ARC Resources Ltd. (ARX.TO)
Boost Price TargetC$8.00C$9.00 ➝ C$13.00N/A
Baytex Energy Corp. (BTE.TO) logo
BTE
Baytex Energy Corp. (BTE.TO)
Boost Price TargetC$1.00C$1.00 ➝ C$1.50N/A
Birchcliff Energy Ltd. (BIR.TO) logo
BIR
Birchcliff Energy Ltd. (BIR.TO)
Boost Price TargetC$3.00C$3.50 ➝ C$4.75N/A
Canadian Natural Resources logo
CNQ
Canadian Natural Resources
Boost Price TargetC$36.00C$41.00 ➝ C$50.00OutperformN/A
Canadian Tire logo
CTC.A
Canadian Tire
Boost Price TargetC$167.00C$189.00 ➝ C$199.00OutperformN/A
Cenovus Energy logo
CVE
Cenovus Energy
Reiterated RatingC$10.00C$13.00 ➝ C$13.50OutperformN/A
Chemtrade Logistics Income Fund logo
CHE.UN
Chemtrade Logistics Income Fund
Boost Price TargetC$7.00C$5.50 ➝ C$6.50Sector PerformN/A
Crew Energy Inc. (CR.TO) logo
CR
Crew Energy Inc. (CR.TO)
Boost Price TargetC$1.00C$0.90 ➝ C$1.50N/A
Enerplus logo
ERF
Enerplus
Lower Price TargetC$7.00C$9.50 ➝ C$7.50OutperformN/A
Exchange Income logo
EIF
Exchange Income
Boost Price TargetC$41.00C$42.00 ➝ C$44.00OutperformN/A
Freehold Royalties logo
FRU
Freehold Royalties
Boost Price TargetC$7.00C$7.50 ➝ C$9.00N/A
HWX
Headwater Exploration
Boost Price TargetC$4.00C$4.00 ➝ C$4.50N/A
Imperial Oil Limited (IMO.TO) logo
IMO
Imperial Oil Limited (IMO.TO)
Boost Price TargetC$29.00C$31.00 ➝ C$38.00Sector PerformN/A
Kelt Exploration logo
KEL
Kelt Exploration
Boost Price TargetC$3.00C$2.50 ➝ C$3.25N/A
MAV
MAV Beauty Brands Inc. (MAV.TO)
DowngradeC$6.00 C$6.00Outperform ➝ Sector PerformN/A
MEG Energy logo
MEG
MEG Energy
Boost Price TargetC$7.00C$5.50 ➝ C$8.00N/A
MTY Food Group Inc. (MTY.TO) logo
MTY
MTY Food Group Inc. (MTY.TO)
Lower Price TargetC$54.00C$57.00 ➝ C$52.00Sector PerformN/A
North American Construction Group Ltd. (NOA.TO) logo
NOA
North American Construction Group Ltd. (NOA.TO)
Boost Price TargetC$16.00C$18.00 ➝ C$21.00OutperformN/A
NuVista Energy Ltd. (NVA.TO) logo
NVA
NuVista Energy Ltd. (NVA.TO)
Boost Price TargetC$2.00C$1.25 ➝ C$2.50N/A
Paramount Resources logo
POU
Paramount Resources
Boost Price TargetC$12.00C$10.50 ➝ C$13.50N/A
Parex Resources logo
PXT
Parex Resources
Boost Price TargetC$22.00C$30.00 ➝ C$35.00N/A
PSH
PetroShale Inc. (PSH.V)
Boost Price TargetC$0.00C$0.20 ➝ C$0.40N/A
Peyto Exploration & Development logo
PEY
Peyto Exploration & Development
Boost Price TargetC$6.00C$3.50 ➝ C$8.00N/A
SHOP
Shopify
Boost Price TargetC$1,632.00 C$1,650.00OutperformN/A
PrairieSky Royalty logo
PSK
PrairieSky Royalty
Boost Price TargetC$13.00C$12.00 ➝ C$15.00N/A
Savaria logo
SIS
Savaria
Boost Price TargetC$18.00C$16.50 ➝ C$18.50OutperformN/A
Seven Generations Energy Ltd. (VII.TO) logo
VII
Seven Generations Energy Ltd. (VII.TO)
Boost Price TargetC$9.00C$10.00 ➝ C$14.00NAN/A
Storm Resources Ltd. (SRX.TO) logo
SRX
Storm Resources Ltd. (SRX.TO)
Boost Price TargetC$3.00C$3.00 ➝ C$4.00N/A
Suncor Energy Inc. (SU.TO) logo
SU
Suncor Energy Inc. (SU.TO)
Boost Price TargetC$27.00C$28.00 ➝ C$33.00Sector PerformN/A
Surge Energy logo
SGY
Surge Energy
Boost Price TargetC$1.00C$0.50 ➝ C$0.75N/A
Tamarack Valley Energy logo
TVE
Tamarack Valley Energy
Boost Price TargetC$2.00C$2.25 ➝ C$3.00OutperformN/A
Teck Resources logo
TECK.B
Teck Resources
Boost Price TargetC$30.00C$28.50 ➝ C$30.00OutperformN/A
Tourmaline Oil logo
TOU
Tourmaline Oil
Boost Price TargetC$24.00C$30.00 ➝ C$37.50OutperformN/A
TVA Group logo
TVA.B
TVA Group
Reiterated RatingC$2.00C$2.00 ➝ C$2.50Sector PerformN/A
Vermilion Energy Inc. (VET.TO) logo
VET
Vermilion Energy Inc. (VET.TO)
Reiterated RatingC$8.00C$7.00 ➝ C$9.50Sector PerformN/A
Yangarra Resources logo
YGR
Yangarra Resources
Boost Price TargetC$1.00C$1.00 ➝ C$1.50Speculative BuyN/A
BIREF
Birchcliff Energy
Reiterated Rating$3.00OutperformLow
CWEGF
Crew Energy
Reiterated Rating$1.00Sector PerformLow
FRHLF
Freehold Royalties
Reiterated Rating$6.00OutperformLow
CDDRF
Headwater Exploration
Boost Price Target$3.00OutperformLow
KELTF
Kelt Exploration
Boost Price Target$2.00OutperformN/A
MEG Energy logo
MEGEF
MEG Energy
Boost Price Target$6.00Sector PerformN/A
NUVSF
NuVista Energy
Boost Price Target$2.00Sector PerformLow
PEYUF
Peyto Exploration & Development
Boost Price Target$5.00OutperformLow
BKBEF
Pipestone Energy
Boost Price Target$2.00Sector PerformLow
Paramount Resources logo
PRMRF
Paramount Resources
Reiterated Rating$9.00Sector PerformLow
PARXF
Parex Resources
Reiterated Rating$17.00OutperformLow
ZPTAF
Surge Energy
Reiterated Rating$0.00Sector PerformLow
SRMLF
Storm Resources
Reiterated Rating$2.00Sector PerformLow
Tourmaline Oil logo
TRMLF
Tourmaline Oil
Reiterated Rating$19.00OutperformLow
TNEYF
Tamarack Valley Energy
Reiterated Rating$2.00OutperformLow
The Toronto-Dominion Bank logo
TD
The Toronto-Dominion Bank
Downgrade$64.00Outperform Market Weight ➝ Sector Perform Market WeightHigh
Crescent Point Energy logo
CPG
Crescent Point Energy
Boost Price TargetC$5.00C$3.75 ➝ C$5.50OutperformN/A
goeasy Ltd. (GSY.TO) logo
GSY
goeasy Ltd. (GSY.TO)
Boost Price TargetC$130.00C$122.00 ➝ C$141.00OutperformN/A
FPLSF
5N Plus
Reiterated Rating$3.00OutperformLow
EHMEF
goeasy
Reiterated Rating$101.00OutperformLow
DREUF
Dream Industrial Real Estate Investment Trust
Boost Price Target$10.00OutperformLow
First Quantum Minerals logo
FQVLF
First Quantum Minerals
Reiterated Rating$25.00OutperformHigh
Quebecor logo
QBR.B
Quebecor
Boost Price TargetC$32.00 C$40.00OutperformN/A
Sleep Country Canada logo
ZZZ
Sleep Country Canada
Boost Price TargetC$26.00 C$30.00Sector PerformN/A
Copper Mountain Mining Co. (CMMC.TO) logo
CMMC
Copper Mountain Mining Co. (CMMC.TO)
Boost Price TargetC$4.00 C$3.25Sector PerformN/A
BYD
Boyd Group Services Inc. (BYD.TO)
Boost Price TargetC$213.00 C$260.00NAN/A
Enbridge logo
ENB
Enbridge
Lower Price TargetC$45.00 C$51.00OutperformN/A
H&R Real Estate Investment Trust logo
HR.UN
H&R Real Estate Investment Trust
Boost Price TargetC$14.00 C$16.75OutperformN/A
MTY Food Group Inc. (MTY.TO) logo
MTY
MTY Food Group Inc. (MTY.TO)
Boost Price TargetC$54.00 C$57.00Sector PerformN/A
RioCan Real Estate Investment Trust logo
REI.UN
RioCan Real Estate Investment Trust
Boost Price TargetC$20.00 C$21.00OutperformN/A
SmartCentres Real Estate Investment Trst logo
SRU.UN
SmartCentres Real Estate Investment Trst
Boost Price TargetC$27.00 C$27.00Sector PerformN/A
Just Energy Group logo
JE
Just Energy Group
Reiterated Rating$4.00Sector Perform ➝ UnderperformMedium