Desjardins
Desjardins Capital Markets is the institutional brokerage, investment banking and research arm of Desjardins Group, Canada's largest cooperative financial group, operating through Montreal-based Desjardins Securities Inc. Its equity research focuses on Canadian companies.
Activity24M
RatingsPrice targetsKey figures
- Stocks covered
- 1312M
- Actions
- 1512M
- Ratings / Price targets
- 15 / 0
- Upgrades / Downgrades
- 2 / 5
- Initiations
- 5
- Buy-rated
- 69%of 13 rated
- On record
- Feb 2012 – Sep 2026
Overview
About 15 analysts publish fundamental research as of 2026, and coverage totalled 165 stocks in December 2023. An exclusive agreement with the European Securities Network gives it access to more than 1,000 European institutional investors. Desjardins Capital Markets describes an integrated model pairing research with sales and trading, investment banking and a large retail client network. Its disclosures say it makes every reasonable effort to give all eligible clients research simultaneously.
Desjardins Group, founded in 1900 with the Caisse populaire de Lévis, entered the securities business in 1988 by buying into discount broker Disnat. After completing its purchases of Disnat in 1990 and full-service broker Deragon Langlois in 1991, the group's brokerage took the name Desjardins Securities. A US broker-dealer subsidiary, Desjardins Securities International, was incorporated in 2001.
Milestones
- 1900
Alphonse Desjardins founded the Caisse populaire de Lévis
- 1988
Entered securities market by buying into discount broker Disnat
- 1991
Desjardins Securities formed after Disnat and Deragon Langlois purchases
- 2001
US broker-dealer Desjardins Securities International incorporated
Firm facts
- Legal name
- Desjardins Securities Inc.
- Type
- Full-service
- Founded
- 1991
- Headquarters
- Montreal, Canada
- Parent
- Desjardins Group
- Head of Capital Markets
- François Carrier
- Head of Research
- Bill Cabel
- Rating scale
- Top PickBuyHoldSell12 months
- Website
- desjardins.com
Research philosophy
Our research services focus on fundamental analysis of relevant companies and industries to help you make the best possible decision.
Desjardins Capital Markets uses economic research to put investment decisions in context. It identifies sustainable development as a priority and says it considers environmental, social and governance factors when selecting and managing securities.
Rating methodology
Desjardins assigns Top Pick, Buy, Hold or Sell ratings based on expected performance over 12 months relative to other stocks covered by the same analyst. Sell can also indicate a recommendation to accept a tender offer. Each rating has a risk qualifier: Average, Above-average or Speculative.
Coverage12M
Sectors
Most covered24M
| Stock | Rating | Target |
|---|---|---|
| CNCN | Buy | — |
| ALALYAF | Hold | — |
| BEBEVFF | Buy | — |
| BYBYAGF | Buy | — |
| CACADY.TO | Buy | — |
 Canadian Imperial Bank of CommerceCM | Hold | $154 |
| GSGSKRF | Buy | — |
| PAPAZRF | Hold | — |
| PMPMREF | Buy | — |
| PRPRVFF | Buy | — |
Recent actions
| Date | Stock | Rating action | Rating |
|---|---|---|---|
| Sep 22 | TATAKOF | Initiate | Buy |
| Sep 18 | CNCN | Reiterate | Buy |
| Sep 14 | RCRogers Communications Inc.RCI | Upgrade | Hold →Buy |
| Sep 10 | BYBYAGF | Initiate | Buy |
| Aug 28 | CNCN | Initiate | Buy |
| Aug 27 | GSGSKRF | Initiate | Buy |
| Aug 18 | CACADY.TO | Initiate | Buy |
| Aug 14 | PRPRVFF | Upgrade | Buy |
| Aug 14 | ALALYAF | Downgrade | Buy →Hold |
| Aug 7 | PAPAZRF | Downgrade | Buy →Hold |
| Aug 5 | CNCN | Downgrade | Buy →Hold |
| Aug 4 | Canadian Imperial Bank of CommerceCM | Downgrade | Buy →Hold |