BMO Capital Markets Issues Positive Forecast for Bank of Nova Scotia (TSE:BNS) Stock Price

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target lifted by BMO Capital Markets from C$98.00 to C$101.00 in a report published on Wednesday morning,BayStreet.CA reports. BMO Capital Markets currently has a market perform rating on the bank’s stock.

A number of other research analysts also recently issued reports on BNS. Barclays increased their price objective on Bank of Nova Scotia from C$97.00 to C$106.00 in a report on Thursday, February 19th. Canadian Imperial Bank of Commerce raised 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. Jefferies Financial Group lifted their price objective on shares of Bank of Nova Scotia from C$97.00 to C$104.00 in a report on Wednesday, February 11th. Canaccord Genuity Group boosted their price objective on shares of Bank of Nova Scotia from C$106.00 to C$112.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Finally, TD Securities increased their target price on shares of Bank of Nova Scotia from C$104.00 to C$112.00 in a report on Monday, February 9th. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Bank of Nova Scotia presently has an average rating of “Hold” and an average price target of C$107.42.

Bank of Nova Scotia Stock Performance

Shares of BNS stock opened at C$103.86 on Wednesday. The company has a market capitalization of C$128.40 billion, a P/E ratio of 18.32, a price-to-earnings-growth 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 company’s 50 day moving average price is C$102.35 and its two-hundred day moving average price is C$94.57.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its 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. Analysts forecast that Bank of Nova Scotia will post 7.1286267 earnings per share for the current year.

Insider Buying and Selling at Bank of Nova Scotia

In other news, insider Julie Walsh sold 3,716 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of C$100.62, for a total value of C$373,903.92. Following the sale, the insider directly owned 1,430 shares of the company’s stock, valued at approximately C$143,886.60. This represents a 72.21% decrease in their position. 0.03% of the stock is owned by corporate insiders.

Bank of Nova Scotia News Summary

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

• Positive Sentiment: Q1 earnings beat and dividend — Scotiabank reported meaningfully higher quarterly net income (about C$2.3B) and stronger EPS versus a year ago, highlighting broad-based growth across domestic and international businesses; the bank also announced a dividend. This supports the bullish case on earnings momentum and capital returns. Article Title
• Positive Sentiment: Canaccord raises target to C$118 and retains a Buy — a sizable target raise and a Buy rating implies ~13.6% upside and signals confidence in Scotiabank’s medium-term growth. Article Title
• Positive Sentiment: UBS ups target to C$120 — the highest reported target, implying the largest upside (~15.8%), which likely helped buyer interest. Article Title
• Positive Sentiment: Raymond James raises to C$117 with an Outperform — another bullish analyst note reinforcing upside expectations. Article Title
• Positive Sentiment: RBC (RBC Capital Markets) lifts target to C$106 — a material raise from C$97 and one of the more prominent Canadian dealer notes, supporting the stock after earnings. Article Title
• Positive Sentiment: TD Cowen maintains a Buy (C$112 PT) citing medium‑term EPS growth and capital strength — adds third-party support to the stock’s outlook. Article Title
• Neutral Sentiment: Barclays, Desjardins also nudged targets modestly higher (to C$108 and C$107 respectively) but kept equal‑weight/hold ratings — supportive but not strongly catalytic. Article Title
• Negative Sentiment: National Bank cut its target to C$100 and BMO’s target (C$101) implies a small downside — a reminder that not all brokers see further near-term upside, which can cap rallies. Article Title
• Negative Sentiment: Mixed-quarter details — some reports note revenues were slightly lower and provisions (PCLs) edged up even as EPS beat; these nuanced operational items could temper enthusiasm if they persist. Article Title
• Positive Sentiment: Mexico operations stable — management noted no impact from local violence on operations, reducing a geopolitical tail‑risk concern for investors exposed to Scotiabank’s Latin American footprint. Article Title

About Bank of Nova Scotia

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.