Update shared on08 Oct 2025
Fair value Increased 3.37%The analyst fair value target for National Bank of Greece was increased from EUR 12.97 to EUR 13.41. This change reflects updated analyst expectations for modest improvements in revenue growth and profitability.
Analyst Commentary
Recent research updates have provided a mix of bullish and cautious perspectives regarding National Bank of Greece, focusing on its valuation, growth outlook, and share price momentum.
Bullish Takeaways
- Bullish analysts have raised their price targets several times in recent months, citing improved financial performance and robust revenue growth potential.
- The bank continues to earn an Overweight rating from prominent research houses. This suggests expectations of outperformance relative to peers.
- Positive momentum in share price is seen as reflecting enhanced market confidence in management's execution and the bank's growth strategy.
- Upward revisions in price targets are attributed to ongoing improvements in profitability and sustained operational strength.
Bearish Takeaways
- Some bearish analysts have shifted to a more neutral view and downgraded their ratings to Hold as valuation concerns emerge following the recent rally.
- The pace of share price appreciation has led to more cautious stances about near-term upside. Some believe the stock is now fairly valued.
- There are concerns that the rise in valuation may be running ahead of the underlying fundamentals, especially if growth moderates in subsequent quarters.
- Cautious views emphasize the need for the company to deliver strong execution in order to justify recent price target upgrades.
What's in the News
- Completed repurchase of 1,043,534 shares between April 1, 2025 and May 30, 2025. This represents 0.11% of shares for €9.99 million (Key Developments).
- Total repurchased shares under the December 19, 2023 buyback program now stand at 3,346,040. This equals 0.37% of shares for €24.57 million (Key Developments).
Valuation Changes
- Fair Value Target has risen slightly from €12.97 to €13.41, reflecting updated analyst assessments.
- Discount Rate has fallen modestly from 11.17% to 11.07%, indicating a marginally lower perceived risk or cost of capital.
- Revenue Growth Forecast has dipped slightly from 4.35% to 4.32%, suggesting minor downward revisions to growth expectations.
- Net Profit Margin has edged down from 43.94% to 43.88%, signifying a very small decrease in projected profitability.
- Future P/E Ratio has risen from 12.31x to 12.72x, which implies a marginally more expensive valuation based on future earnings.
Disclaimer
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