Royal Bank Of Canada Forecasts Strong Price Appreciation for Bank of Nova Scotia (TSE:BNS) Stock

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target raised by equities research analysts at Royal Bank Of Canada from C$98.00 to C$117.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the bank’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 6.21% from the stock’s current price.

Several other analysts also recently issued reports on BNS. Barclays lifted their price target on Bank of Nova Scotia from C$108.00 to C$110.00 and gave the company an “equal weight” rating in a research note on Thursday. Canaccord Genuity Group dropped their price target on Bank of Nova Scotia from C$110.00 to C$108.00 and set a “hold” rating on the stock in a research note on Wednesday, May 20th. Desjardins lifted their price target on Bank of Nova Scotia from C$107.00 to C$108.00 and gave the company a “hold” rating in a research note on Tuesday, May 5th. TD Securities downgraded Bank of Nova Scotia from a “buy” rating to a “hold” rating and dropped their price target for the company from C$112.00 to C$111.00 in a research note on Tuesday, March 3rd. Finally, Raymond James Financial lifted their price target on Bank of Nova Scotia from C$120.00 to C$121.00 and gave the company an “outperform” rating in a research note on Thursday. One research analyst has rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$110.54.

Bank of Nova Scotia Price Performance

Shares of BNS traded down C$1.41 during midday trading on Thursday, hitting C$110.16. The stock had a trading volume of 2,339,742 shares, compared to its average volume of 4,283,286. The company has a 50 day simple moving average of C$102.24 and a two-hundred day simple moving average of C$100.87. Bank of Nova Scotia has a twelve month low of C$72.30 and a twelve month high of C$113.57. The firm has a market cap of C$135.65 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 1.33 and a beta of 1.23.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings results on Wednesday, May 27th. The bank reported C$2.02 earnings per share (EPS) for the quarter. Bank of Nova Scotia had a return on equity of 10.41% and a net margin of 14.45%.The firm had revenue of C$9.85 billion for the quarter. Analysts forecast that Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal year.

Bank of Nova Scotia News Summary

Here are the key news stories impacting Bank of Nova Scotia this week:

• Positive Sentiment: The Bank of Nova Scotia reported stronger-than-expected quarterly results, with C$2.02 EPS and C$9.84B in revenue, helped by solid performance in its Canadian and international businesses. Article Title
• Positive Sentiment: The bank raised its dividend by 3.6% to C$1.14 and maintained market-based DRIP purchases, a sign of confidence in its capital position and future earnings. Article Title
• Positive Sentiment: Scotiabank said foreign investors are showing renewed interest in Canada, which could support future capital flows and broader market sentiment toward the stock. Article Title
• Neutral Sentiment: The bank filed routine Form 6-K updates covering capitalization, earnings coverage ratios, and interim control certifications, which appear to be standard disclosure items rather than a new business catalyst. Article Title
• Neutral Sentiment: Additional Form 6-K filings highlighted strong earnings coverage ratios for the twelve months ended April 30, 2026, reinforcing balance-sheet strength but not changing the near-term story materially. Article Title

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).