RE:Nat. Bank: 1,90$ It is interesting to note that if you take their valuation equation, change the 2025 EBITA estimate to $1.5 billion on the basis that current management is consistently not overstating their ability to meet objectives, change the multiple to 10x EV/EBITA (which I note from the Scotiabank analysis is the industry standard) you get a future target of $3.86, which discounted back using 10%/year gets a present value of $2.63.
So, it seems that the share price has lots of rooom to move once everyone gets comfortable with management's ability to execute the plan.