Royal Bank Of Canada Raises Bank of Nova Scotia (TSE:BNS) Price Target to C$106.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target upped by analysts at Royal Bank Of Canada from C$97.00 to C$106.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the bank’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 0.89% from the stock’s previous close.

A number of other analysts also recently weighed in on the company. Jefferies Financial Group boosted their target price on Bank of Nova Scotia from C$97.00 to C$104.00 in a research report on Wednesday, February 11th. Canadian Imperial Bank of Commerce lifted their price target on shares of Bank of Nova Scotia from C$103.00 to C$108.00 and gave the stock a “neutral” rating in a research note on Friday, February 13th. National Bank Financial lowered their price target on shares of 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. TD Securities increased their price objective on Bank of Nova Scotia from C$104.00 to C$112.00 in a research note on Monday, February 9th. Finally, BMO Capital Markets increased their target price on shares of Bank of Nova Scotia from C$98.00 to C$101.00 and gave the stock a “market perform” rating in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Bank of Nova Scotia has a consensus rating of “Hold” and an average target price of C$107.42.

Bank of Nova Scotia Stock Up 1.2%

BNS opened at C$105.06 on Wednesday. The stock has a market cap of C$129.89 billion, a PE ratio of 18.53, a P/E/G ratio of 1.33 and a beta of 1.33. Bank of Nova Scotia has a 52 week low of C$62.57 and a 52 week high of C$106.39. The business’s fifty day simple moving average is C$102.46 and its 200 day simple moving average is C$94.65.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued 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 return on equity of 9.64% and a net margin of 17.68%.The firm had revenue of C$9.77 billion during the quarter. As a group, equities analysts anticipate that Bank of Nova Scotia will post 7.1286267 earnings per share for the current year.

Insider Activity at Bank of Nova Scotia

In other news, insider Julie Walsh sold 3,716 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of C$100.62, for a total transaction of C$373,903.92. Following the completion of the transaction, 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 ownership of the stock. Corporate 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: 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.