Bank of Nova Scotia (TSE:BNS) Stock Price Expected to Rise, Desjardins Analyst Says

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective upped by investment analysts at Desjardins from C$106.00 to C$107.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the bank’s stock. Desjardins’ target price would suggest a potential upside of 1.85% from the company’s current price.

Other equities analysts also recently issued reports about the stock. BMO Capital Markets increased their price objective on shares of Bank of Nova Scotia from C$98.00 to C$101.00 and gave the company a “market perform” rating in a research note on Wednesday. Canadian Imperial Bank of Commerce upped their target price on Bank of Nova Scotia from C$103.00 to C$108.00 and gave the stock a “neutral” rating in a report on Friday, February 13th. National Bank Financial dropped their target price 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 report on Wednesday. Royal Bank Of Canada lifted their price target on Bank of Nova Scotia from C$97.00 to C$106.00 and gave the company a “sector perform” rating in a report on Wednesday. Finally, TD Securities boosted their price target on Bank of Nova Scotia from C$104.00 to C$112.00 in a research report on Monday, February 9th. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Bank of Nova Scotia currently has a consensus rating of “Hold” and a consensus price target of C$107.42.

Bank of Nova Scotia Price Performance

BNS stock opened at C$105.06 on Wednesday. Bank of Nova Scotia has a 1-year low of C$62.57 and a 1-year high of C$106.39. The business has a 50-day moving average price of C$102.46 and a 200 day moving average price of C$94.65. The company has a market capitalization of C$129.89 billion, a P/E ratio of 18.53, a PEG ratio of 1.33 and a beta of 1.33.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued 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 for the quarter. Bank of Nova Scotia had a net margin of 17.68% and a return on equity of 9.64%. On average, analysts anticipate that Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.

Insider Activity at Bank of Nova Scotia

In related news, insider Julie Walsh sold 3,716 shares of Bank of Nova Scotia stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of C$100.62, for a total value of C$373,903.92. Following the completion of the sale, the insider directly owned 1,430 shares in the company, valued at C$143,886.60. This trade represents a 72.21% decrease in their position. 0.03% of the stock is owned by insiders.

Trending Headlines about Bank of Nova Scotia

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

• Positive Sentiment: UBS raised its price target to C$120 (from C$118), implying roughly +15% upside vs the current price — a sizable uplift that reinforces buy-side momentum. BayStreet.CA
• Positive Sentiment: Canaccord Genuity upgraded/raised its target to C$118 and carries a Buy rating, signalling strong analyst conviction and another double-digit upside estimate. BayStreet.CA
• Positive Sentiment: Raymond James lifted its target to C$117 and kept an Outperform rating — another large upside projection supporting continued bullish sentiment. BayStreet.CA TickerReport
• Positive Sentiment: TD Cowen (reported via TipRanks) maintained a Buy rating with a C$112 target, citing medium‑term EPS growth and capital strength — a supportive analyst view even as near‑term loan trends remain mixed. TipRanks
• Positive Sentiment: Barclays nudged its target to C$108 (from C$106) while keeping an equal-weight rating — a modest uplift that helps lift consensus targets. BayStreet.CA TickerReport
• Positive Sentiment: RBC Capital Markets raised its target to C$106 (from C$97); the bump from a major Canadian bank adds credibility to the upward revisions. Yahoo Finance: RBC Raise
• Neutral Sentiment: Desjardins increased its target slightly to C$107 but kept a Hold rating — a small positive signal but limited immediate impact given the Hold stance. BayStreet.CA
• Negative Sentiment: BMO raised its target to C$101 but kept a Market Perform rating; that level implies a small downside vs the current price, which may moderate upside expectations. BayStreet.CA
• Negative Sentiment: National Bank lowered its target to C$100 and kept a Sector Perform rating — the cut is a direct negative to consensus target levels and could cap short‑term gains. BayStreet.CA

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.