National Bank Financial Increases Bank of Nova Scotia (TSE:BNS) Price Target to C$106.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target increased by National Bank Financial from C$100.00 to C$106.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the bank’s stock. National Bank Financial’s target price indicates a potential upside of 0.45% from the company’s current price.

A number of other research firms also recently issued reports on BNS. Desjardins lifted their price objective on shares of Bank of Nova Scotia from C$107.00 to C$108.00 and gave the stock a “hold” rating in a report on Tuesday, May 5th. Royal Bank Of Canada cut their price objective on shares of Bank of Nova Scotia from C$106.00 to C$98.00 and set a “sector perform” rating on the stock in a report on Wednesday, March 25th. BMO Capital Markets lifted their price objective 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, February 25th. TD lifted their price objective on shares of Bank of Nova Scotia from C$111.00 to C$112.00 and gave the stock a “hold” rating in a report on Tuesday, May 5th. Finally, TD Securities downgraded shares of Bank of Nova Scotia from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$112.00 to C$111.00 in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$107.85.

Bank of Nova Scotia Trading Down 0.6%

TSE BNS traded down C$0.66 during mid-day trading on Friday, hitting C$105.52. The company’s stock had a trading volume of 881,522 shares, compared to its average volume of 4,387,226. The firm has a market capitalization of C$129.94 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 1.33 and a beta of 1.23. The company’s 50 day simple moving average is C$100.14 and its 200 day simple moving average is C$99.80. Bank of Nova Scotia has a twelve month low of C$70.49 and a twelve month high of C$107.73.

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

About Bank of Nova Scotia

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).