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

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective upped by analysts at Desjardins from C$108.00 to C$115.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a “hold” rating on the bank’s stock. Desjardins’ price target would indicate a potential upside of 4.39% from the company’s previous close.

Several other equities research analysts have also issued reports on the company. Royal Bank Of Canada raised their target price on Bank of Nova Scotia from C$98.00 to C$117.00 and gave the company a “sector perform” rating in a research report on Thursday. UBS Group raised their target price on Bank of Nova Scotia from C$118.00 to C$120.00 in a research report on Wednesday, February 25th. Barclays increased their price target on Bank of Nova Scotia from C$108.00 to C$110.00 and gave the stock an “equal weight” rating in a research note on Thursday. Canadian Imperial Bank of Commerce increased their price target on Bank of Nova Scotia from C$116.00 to C$122.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Raymond James Financial increased their price target on Bank of Nova Scotia from C$120.00 to C$121.00 and gave the stock an “outperform” rating in a research note on Thursday. One analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Bank of Nova Scotia currently has an average rating of “Hold” and an average target price of C$110.54.

Bank of Nova Scotia Price Performance

Shares of Bank of Nova Scotia stock traded down C$1.41 during trading hours on Thursday, hitting C$110.16. 2,339,742 shares of the company’s stock traded hands, compared to its average volume of 4,283,286. Bank of Nova Scotia has a 12-month low of C$72.30 and a 12-month high of C$113.57. The stock has a market capitalization of C$135.65 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 1.33 and a beta of 1.23. The company has a fifty day simple moving average of C$102.24 and a 200-day simple moving average of C$100.87.

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

Trending Headlines about Bank of Nova Scotia

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).