Bank of Nova Scotia (TSE:BNS) Given New C$116.00 Price Target at Canadian Imperial Bank of Commerce

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price lifted by investment analysts at Canadian Imperial Bank of Commerce from C$109.00 to C$116.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “neutral” rating on the bank’s stock. Canadian Imperial Bank of Commerce’s target price points to a potential upside of 9.54% from the stock’s current price.

Other analysts have also recently issued reports about the stock. National Bank Financial reduced their price objective 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, February 25th. UBS Group boosted their price objective on shares of Bank of Nova Scotia from C$118.00 to C$120.00 in a research note on Wednesday, February 25th. Raymond James Financial boosted their price objective on shares of Bank of Nova Scotia from C$117.00 to C$120.00 and gave the stock an “outperform” rating in a research note on Wednesday. TD Securities cut shares of Bank of Nova Scotia from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$112.00 to C$111.00 in a research note on Tuesday, March 3rd. Finally, Canaccord Genuity Group cut shares of Bank of Nova Scotia from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$118.00 to C$110.00 in a research note on Monday, March 9th. One research analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$107.38.

Bank of Nova Scotia Trading Up 1.0%

TSE BNS traded up C$1.08 during trading on Thursday, reaching C$105.90. The company’s stock had a trading volume of 966,500 shares, compared to its average volume of 4,404,243. The stock has a market capitalization of C$130.41 billion, a PE ratio of 15.71, a PEG ratio of 1.33 and a beta of 1.23. The business has a 50-day moving average price of C$100.02 and a 200-day moving average price of C$99.69. Bank of Nova Scotia has a 1-year low of C$70.49 and a 1-year high of C$107.73.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its quarterly earnings data on Tuesday, February 24th. The bank reported C$2.05 earnings per share for the quarter. Bank of Nova Scotia had a net margin of 14.45% and a return on equity of 10.41%. The business had revenue of C$10.08 billion during the quarter. As a group, analysts expect that Bank of Nova Scotia will post 7.1286267 earnings per share for the current year.

Bank of Nova Scotia Company Profile

Scotiabank’s vision is to be our clients’ most trusted financial partner and deliver sustainable, profitable growth. Guided by our purpose: ‘for every future,’ we help our clients, their families and their communities achieve success through a broad range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.5 trillion (as at January 31, 2026), Scotiabank is one of the largest banks in North America by assets, and trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS).