Barclays Forecasts Strong Price Appreciation for Bank of Nova Scotia (TSE:BNS) Stock

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective lifted by analysts at Barclays from C$108.00 to C$110.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has an “equal weight” rating on the bank’s stock. Barclays‘s target price points to a potential downside of 0.15% from the company’s current price.

BNS has been the topic of several other research reports. National Bank Financial increased their target price on Bank of Nova Scotia from C$100.00 to C$106.00 and gave the stock a “sector perform” rating in a research note on Friday, May 15th. Raymond James Financial increased their price objective on Bank of Nova Scotia from C$117.00 to C$120.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Desjardins raised their price target on Bank of Nova Scotia from C$107.00 to C$108.00 and gave the stock a “hold” rating in a research note on Tuesday, May 5th. UBS Group raised their price target on Bank of Nova Scotia from C$118.00 to C$120.00 in a research note on Wednesday, February 25th. Finally, Canaccord Genuity Group dropped their price target on Bank of Nova Scotia from C$110.00 to C$108.00 and set a “hold” rating on the stock in a research note on Wednesday, May 20th. One analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$110.54.

Bank of Nova Scotia Stock Performance

Shares of Bank of Nova Scotia stock traded down C$1.41 during trading hours on Thursday, hitting C$110.16. The company’s stock had a trading volume of 2,339,742 shares, compared to its average volume of 4,283,286. Bank of Nova Scotia has a twelve month low of C$72.30 and a twelve month high of C$113.57. The firm has a fifty day moving average of C$102.24 and a 200-day moving average of C$100.87. The stock has a market cap of C$135.65 billion, a price-to-earnings ratio of 16.34, a P/E/G ratio of 1.33 and a beta of 1.23.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings results on Wednesday, May 27th. The bank reported C$2.02 EPS for the quarter. Bank of Nova Scotia had a return on equity of 10.41% and a net margin of 14.45%.The business had revenue of C$9.85 billion for the quarter. On average, sell-side analysts expect that Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.

Bank of Nova Scotia News Summary

Here are the key news stories impacting Bank of Nova Scotia this week:

• Positive Sentiment: The Bank of Nova Scotia reported stronger-than-expected quarterly results, with C$2.02 EPS and C$9.84B in revenue, helped by solid performance in its Canadian and international businesses. Article Title
• Positive Sentiment: The bank raised its dividend by 3.6% to C$1.14 and maintained market-based DRIP purchases, a sign of confidence in its capital position and future earnings. Article Title
• Positive Sentiment: Scotiabank said foreign investors are showing renewed interest in Canada, which could support future capital flows and broader market sentiment toward the stock. Article Title
• Neutral Sentiment: The bank filed routine Form 6-K updates covering capitalization, earnings coverage ratios, and interim control certifications, which appear to be standard disclosure items rather than a new business catalyst. Article Title
• Neutral Sentiment: Additional Form 6-K filings highlighted strong earnings coverage ratios for the twelve months ended April 30, 2026, reinforcing balance-sheet strength but not changing the near-term story materially. Article Title

Bank of Nova Scotia Company Profile

Scotiabank’s vision is to be our clients’ most trusted financial partner and deliver sustainable, profitable growth. Guided by our purpose: ‘for every future,’ we help our clients, their families and their communities achieve success through a broad range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.5 trillion (as at January 31, 2026), Scotiabank is one of the largest banks in North America by assets, and trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS).