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

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price increased by investment analysts at UBS Group from C$118.00 to C$120.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. UBS Group’s price target would suggest a potential upside of 14.22% from the company’s current price.

Other research analysts also recently issued research reports about the company. Jefferies Financial Group raised their price objective on Bank of Nova Scotia from C$97.00 to C$104.00 in a research note on Wednesday, February 11th. Canaccord Genuity Group increased their price objective on shares of Bank of Nova Scotia from C$112.00 to C$118.00 and gave the company a “buy” rating in a report on Wednesday. Royal Bank Of Canada increased their target price on Bank of Nova Scotia from C$97.00 to C$106.00 and gave the company a “sector perform” rating in a research report on Wednesday. BMO Capital Markets lifted 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. Finally, Desjardins boosted their price objective on shares of Bank of Nova Scotia from C$106.00 to C$107.00 and gave the company a “hold” rating in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Bank of Nova Scotia presently has an average rating of “Hold” and a consensus price target of C$107.42.

Bank of Nova Scotia Stock Up 1.2%

TSE BNS opened at C$105.06 on Wednesday. The company has a market capitalization of C$129.89 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 1.33 and a beta of 1.33. The stock’s 50-day simple moving average is C$102.46 and its two-hundred day simple moving average is C$94.65. Bank of Nova Scotia has a twelve month low of C$62.57 and a twelve month high of C$106.39.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings results on Tuesday, December 2nd. The bank reported C$1.93 earnings per share (EPS) for the quarter. Bank of Nova Scotia had a net margin of 17.68% and a return on equity of 9.64%. The company had revenue of C$9.77 billion during the quarter. On average, equities analysts expect 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 other Bank of Nova Scotia news, insider Julie Walsh sold 3,716 shares of the company’s stock in a transaction on 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 sale, the insider directly owned 1,430 shares in the company, valued at C$143,886.60. This represents a 72.21% decrease in their position. 0.03% of the stock is owned by company insiders.

Key Bank of Nova Scotia News

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.