Canaccord Genuity Group Forecasts Strong Price Appreciation for Bank of Nova Scotia (TSE:BNS) Stock

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target lifted by investment analysts at Canaccord Genuity Group from C$112.00 to C$118.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the bank’s stock. Canaccord Genuity Group’s price target would indicate a potential upside of 12.32% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. Desjardins lifted their price objective on Bank of Nova Scotia from C$104.00 to C$106.00 and gave the stock a “hold” rating in a report on Monday, February 9th. National Bank Financial decreased their target price on shares of 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. Canadian Imperial Bank of Commerce boosted their price target on Bank of Nova Scotia from C$103.00 to C$108.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. Jefferies Financial Group increased their price target on Bank of Nova Scotia from C$97.00 to C$104.00 in a report on Wednesday, February 11th. Finally, Barclays lifted their price target on shares of Bank of Nova Scotia from C$97.00 to C$106.00 in a research note on Thursday, February 19th. Three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$107.42.

Bank of Nova Scotia Price Performance

Shares of TSE BNS opened at C$105.06 on Wednesday. The stock’s 50-day moving average is C$102.46 and its two-hundred day moving average is C$94.65. The company has a market cap of C$129.89 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 1.33 and a beta of 1.33. Bank of Nova Scotia has a 1-year low of C$62.57 and a 1-year 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 earnings per share for the quarter. The business 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%. Equities research analysts anticipate that Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Julie Walsh sold 3,716 shares of the 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 of the company’s stock, valued at C$143,886.60. This represents a 72.21% decrease in their ownership of the stock. Insiders own 0.03% of the company’s stock.

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.