National Bank Financial Increases Bank of Nova Scotia (TSE:BNS) Price Target to C$106.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price boosted by stock analysts at National Bank Financial from C$100.00 to C$106.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the bank’s stock. National Bank Financial’s price target would indicate a potential upside of 0.45% from the company’s current price.

Several other analysts also recently commented on BNS. TD Securities downgraded shares of Bank of Nova Scotia from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$112.00 to C$111.00 in a research report on Tuesday, March 3rd. Royal Bank Of Canada reduced their price objective on shares of Bank of Nova Scotia from C$106.00 to C$98.00 and set a “sector perform” rating for the company in a research report on Wednesday, March 25th. TD raised their price objective on shares of Bank of Nova Scotia from C$111.00 to C$112.00 and gave the stock a “hold” rating in a research report on Tuesday, May 5th. Canadian Imperial Bank of Commerce raised their price objective on shares of Bank of Nova Scotia from C$109.00 to C$116.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, BMO Capital Markets raised their price objective on shares of Bank of Nova Scotia from C$98.00 to C$101.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 25th. One research analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$107.85.

Bank of Nova Scotia Stock Down 0.6%

Bank of Nova Scotia stock traded down C$0.66 during mid-day trading on Friday, hitting C$105.52. 881,522 shares of the stock were exchanged, compared to its average volume of 4,387,226. Bank of Nova Scotia has a 12 month low of C$70.49 and a 12 month high of C$107.73. The firm’s fifty day simple moving average is C$100.14 and its two-hundred day simple moving average is C$99.80. The stock has a market capitalization of C$129.94 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 1.33 and a beta of 1.23.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings results on Tuesday, February 24th. The bank reported C$2.05 earnings per share (EPS) for the quarter. The firm had revenue of C$10.08 billion during the quarter. Bank of Nova Scotia had a net margin of 14.45% and a return on equity of 10.41%. As a group, analysts forecast that Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.

About Bank of Nova Scotia

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).