Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$121.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price hoisted by investment analysts at Canaccord Genuity Group from C$111.00 to C$121.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the bank’s stock. Canaccord Genuity Group’s target price indicates a potential downside of 1.08% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. National Bank Financial boosted their price objective on Bank of Nova Scotia from C$100.00 to C$106.00 and gave the company a “sector perform” rating in a report on Friday, May 15th. Royal Bank Of Canada boosted their price target on shares of Bank of Nova Scotia from C$98.00 to C$117.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 28th. Jefferies Financial Group lifted their price objective on shares of Bank of Nova Scotia from C$104.00 to C$105.00 in a report on Wednesday, May 20th. TD upped their target price on shares of Bank of Nova Scotia from C$112.00 to C$113.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Finally, Desjardins increased their target price on shares of Bank of Nova Scotia from C$108.00 to C$115.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Bank of Nova Scotia has an average rating of “Hold” and a consensus target price of C$111.54.

Bank of Nova Scotia Stock Performance

Shares of Bank of Nova Scotia stock traded down C$1.17 on Tuesday, reaching C$122.32. The company had a trading volume of 1,105,211 shares, compared to its average volume of 4,287,542. The firm’s 50 day moving average price is C$112.69 and its two-hundred day moving average price is C$104.92. The firm has a market cap of C$149.97 billion, a PE ratio of 16.87, a PEG ratio of 1.33 and a beta of 1.29. Bank of Nova Scotia has a 52-week low of C$74.34 and a 52-week high of C$124.79.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its earnings results on Wednesday, May 27th. The bank reported C$2.02 earnings per share for the quarter. The firm had revenue of C$9.85 billion during the quarter. Bank of Nova Scotia had a net margin of 15.64% and a return on equity of 11.06%. As a group, sell-side analysts predict that Bank of Nova Scotia will post 7.1286267 EPS 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).