Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$120.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective hoisted by UBS Group from C$118.00 to C$120.00 in a report published on Wednesday morning,BayStreet.CA reports.

BNS has been the subject of a number of other reports. National Bank Financial decreased their price objective on Bank of Nova Scotia from C$102.00 to C$100.00 and set a “sector perform” rating for the company in a research note on Wednesday. Jefferies Financial Group boosted their target price on shares of Bank of Nova Scotia from C$97.00 to C$104.00 in a report on Wednesday, February 11th. TD Securities increased their price target on shares of Bank of Nova Scotia from C$104.00 to C$112.00 in a research report on Monday, February 9th. Desjardins lifted their price objective on shares of Bank of Nova Scotia from C$106.00 to C$107.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Barclays boosted their price objective on shares of Bank of Nova Scotia from C$106.00 to C$108.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$107.42.

Bank of Nova Scotia Stock Performance

TSE BNS opened at C$103.48 on Wednesday. The company has a market cap of C$127.93 billion, a PE ratio of 18.25, a P/E/G ratio of 1.33 and a beta of 1.33. The firm’s 50 day moving average price is C$102.53 and its 200-day moving average price is C$94.83. Bank of Nova Scotia has a 52-week low of C$62.57 and a 52-week high of C$106.39.

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

Insider Activity

In other news, insider Julie Walsh sold 3,716 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of C$100.62, for a total transaction of C$373,903.92. Following the transaction, the insider owned 1,430 shares in the company, valued at C$143,886.60. This represents a 72.21% decrease in their ownership of the stock. 0.03% of the stock is currently owned by company insiders.

More Bank of Nova Scotia News

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

• Positive Sentiment: Q1 beat, dividend affirmed and CA$40B shelf prospectus gives Scotiabank funding flexibility and supports growth/tech plans — a clear positive fundamental catalyst. How Investors Are Reacting To Bank of Nova Scotia (TSX:BNS) Q1 2026 Beat and CA$40B Funding Plan
• Positive Sentiment: Multiple broker notes are constructive (RBC raised its price target to C$106; other analysts from UBS, Desjardins, BMO and Canaccord published bullish commentary), which supports upside sentiment among investors. Royal Bank Of Canada Raises Bank of Nova Scotia (TSE:BNS) Price Target to C$106.00
• Positive Sentiment: Operational/brand improvements — rollout of on‑demand ASL/LSQ interpretation across Canadian branches — strengthen customer access and ESG/operational story, modestly positive for reputation and retention. Scotiabank Collaborates with Canadian Hearing Services to Launch On-Demand Sign Language Interpretation Nationwide
• Neutral Sentiment: Scotiabank says recent GDP prints are unlikely to change Bank of Canada rate decisions materially — implies a stable-rate backdrop for bank margins in the near term (neutral for immediate stock direction). Scotiabank Sees Little Impact on Bank of Canada’s Thinking From Friday’s GDP Data
• Neutral Sentiment: Market/valuation questions: coverage pieces debate whether BNS’s recent share performance (large 1‑year gain) leaves it fairly priced — this fuels both buy-side conviction and profit-taking. Is Bank of Nova Scotia (TSX:BNS) Price Justified After Strong One Year Share Performance
• Negative Sentiment: At least one dealer (National Bank Financial) lowered expectations for BNS, adding a measurable headwind to investor sentiment amid mixed broker views. National Bank Financial Has Lowered Expectations for Bank of Nova Scotia (TSE:BNS) Stock Price

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.