Analyst Commentary Highlights Raised Price Targets Amid Strong Performance at National Bank of Greece

The analyst price target for National Bank of Greece has been raised from €13.40 to €15.00. Analysts point to continued strong performance and have reassessed the bank's valuation following recent market gains.

Analyst Commentary

Analyst opinions on National Bank of Greece reflect both strong optimism and measured caution, especially as the bank’s share price and valuation have moved notably in recent months.

Bullish Takeaways

• Bullish analysts have repeatedly raised their price targets, signaling confidence in the bank's upward momentum and resilience in the current market climate.
• The institution's recent financial performance supports a higher valuation, driven by operational execution and continued market gains.
• Expectations for sustained growth are strengthened by an Overweight recommendation, as analysts see further potential in the bank's shares.
• The series of upward revisions suggest that growth prospects and earnings visibility remain intact and this validates positive sentiment among investors.

Bearish Takeaways

• Bearish analysts have expressed concerns regarding the bank’s valuation after a significant rally, prompting some to downgrade their assessment.
• While recognizing improved performance, there is caution that current price levels may have already factored in much of the anticipated growth.
• Some experts have shifted to a more neutral recommendation, underscoring potential risks if results do not consistently meet heightened expectations.
• The pace of recent gains may lead to profit-taking or reduced upside potential in the near term, especially if broader market conditions become less favorable.

What's in the News

• Between April 1, 2025 and May 30, 2025, National Bank of Greece repurchased 1,043,534 shares, amounting to 0.11% of its share capital for €9.99 million (Key Developments).
• The company has now completed the repurchase of 3,346,040 shares, representing 0.37% of its share capital for €24.57 million as part of the buyback program announced on December 19, 2023 (Key Developments).

Valuation Changes

• Fair Value remained unchanged at €13.41, suggesting stability in analysts' intrinsic valuation of the bank.
• Discount Rate has risen slightly from 11.07% to 11.09%, indicating a marginal increase in the cost of capital used in valuation models.
• Revenue Growth projection remains stable at 4.32%, reflecting consistent expectations for top-line expansion.
• Net Profit Margin is unchanged at approximately 43.88%, indicating no adjustment in forecasts for the bank’s profitability.
• Future P/E has increased marginally from 12.72x to 12.73x, which suggests a minor shift in analysts' assessments of the bank's forward earnings multiple.