Canaccord Genuity Group Issues Positive Forecast for Bank of Nova Scotia (TSE:BNS) Stock Price

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target raised by equities researchers at Canaccord Genuity Group from C$112.00 to C$118.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the bank’s stock. Canaccord Genuity Group’s price target indicates a potential upside of 14.26% from the company’s previous close.

A number of other equities research analysts have also commented on BNS. Raymond James Financial raised their price target on Bank of Nova Scotia from C$114.00 to C$117.00 and gave the stock an “outperform” rating in a research report on Wednesday. Barclays upped their target price on shares of Bank of Nova Scotia from C$97.00 to C$106.00 in a research note on Thursday, February 19th. National Bank Financial dropped their price target on Bank of Nova Scotia from C$102.00 to C$100.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Desjardins lifted their target price on Bank of Nova Scotia from C$104.00 to C$106.00 and gave the company a “hold” rating in a research report on Monday, February 9th. Finally, BMO Capital Markets upped their price target on 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. Three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$107.42.

Bank of Nova Scotia Price Performance

Shares of TSE:BNS traded down C$0.05 during trading on Wednesday, reaching C$103.27. The stock had a trading volume of 1,867,298 shares, compared to its average volume of 4,335,239. The business’s 50-day moving average price is C$102.24 and its 200 day moving average price is C$94.51. Bank of Nova Scotia has a 52 week low of C$62.57 and a 52 week high of C$106.39. The stock has a market capitalization of C$127.67 billion, a PE ratio of 18.21, a P/E/G ratio of 1.33 and a beta of 1.33.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its earnings results on Tuesday, December 2nd. The bank reported C$1.93 earnings per share (EPS) for the quarter. The company had revenue of C$9.77 billion during the quarter. Bank of Nova Scotia had a return on equity of 9.64% and a net margin of 17.68%. Analysts forecast that Bank of Nova Scotia will post 7.1286267 EPS for the current year.

Insider Activity at Bank of Nova Scotia

In other Bank of Nova Scotia news, insider Julie Walsh sold 3,716 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of C$100.62, for a total value of C$373,903.92. Following the completion of the transaction, the insider directly owned 1,430 shares in the company, valued at approximately C$143,886.60. This trade represents a 72.21% decrease in their ownership of the stock. Insiders own 0.03% of the company’s stock.

Key Stories Impacting Bank of Nova Scotia

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

• Positive Sentiment: Q1 results showed broad-based earnings growth — Scotiabank reported roughly C$2.3B in net income with double‑digit adjusted EPS growth, driven by strength across domestic and international businesses; management emphasized capital management and continued tech/AI investment. Scotiabank reports first quarter results
• Positive Sentiment: RBC Capital Markets raised its price target on BNS to C$106 (from C$97), signaling increased analyst confidence after the quarter. Bank of Nova Scotia Price Target Raised to $106 at RBC
• Positive Sentiment: TD Cowen (Mario Mendonca) maintained a Buy rating with a C$112 price target, citing medium‑term EPS growth potential and capital strength despite mixed near‑term loan trends. Buy Rating on Bank of Nova Scotia Backed by Medium-Term EPS Growth and Capital Strength Despite Mixed Near-Term Loan Trends
• Positive Sentiment: Board declared a dividend payable April 28, 2026 (record April 7) — supports income investor interest and signals confidence in capital position. Scotiabank Announces Dividend on Outstanding Shares
• Positive Sentiment: Management reassured investors that Mexican operations remain stable with no material impact from local violence — reduces a key geopolitical/operational risk. Scotiabank says Mexico operations stable, no impact from violence
• Neutral Sentiment: Momentum/analyst commentary pieces highlight recent share‑price strength and investor interest; useful context but not new company-specific catalysts. What Makes Bank of Nova Scotia (BNS) a Strong Momentum Stock: Buy Now?
• Neutral Sentiment: Pre-earnings coverage noted consumer stress trends heading into results — background macro risk to monitor but largely priced into recent guidance/quarter. Bank of Nova Scotia earnings on deck amid consumer stress
• Negative Sentiment: Some coverage flagged that revenues were down and provisions for credit losses (PCLs) edged up even as EPS beat — mixed quality of the quarter could limit upside if revenue trends persist. Scotiabank Lodges Big Q1 Earnings Beat, But Revs Lower and PCLs Edged Up

Bank of Nova Scotia Company Profile

Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. The bank’s international operations span numerous countries and are more concentrated in Central and South America.