Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$121.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price upped by Canaccord Genuity Group from C$111.00 to C$121.00 in a report released on Tuesday,BayStreet.CA reports. The firm currently has a “hold” rating on the bank’s stock. Canaccord Genuity Group’s price objective would indicate a potential downside of 1.08% from the company’s previous close.

A number of other analysts also recently commented on the stock. Jefferies Financial Group increased their price objective on shares of Bank of Nova Scotia from C$104.00 to C$105.00 in a report on Wednesday, May 20th. TD boosted their target price on Bank of Nova Scotia from C$112.00 to C$113.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Desjardins upped their price target on Bank of Nova Scotia from C$108.00 to C$115.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Raymond James Financial increased their price target on Bank of Nova Scotia from C$120.00 to C$121.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Finally, Barclays lifted their price objective on Bank of Nova Scotia from C$108.00 to C$110.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. One research analyst has rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$111.54.

Bank of Nova Scotia Trading Down 0.9%

BNS traded down C$1.17 on Tuesday, hitting C$122.32. 1,105,211 shares of the company’s stock were exchanged, compared to its average volume of 4,287,542. Bank of Nova Scotia has a fifty-two week low of C$74.34 and a fifty-two week high of C$124.79. The stock has a market cap of C$149.97 billion, a price-to-earnings ratio of 16.87, a P/E/G ratio of 1.33 and a beta of 1.29. The firm has a 50-day moving average price of C$112.69 and a 200-day moving average price of C$104.92.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its earnings results on Wednesday, May 27th. The bank reported C$2.02 EPS for the quarter. The business had revenue of C$9.85 billion during the quarter. Bank of Nova Scotia had a net margin of 15.64% and a return on equity of 11.06%. On average, equities analysts predict that Bank of Nova Scotia will post 7.1286267 EPS for the current year.

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).