Canaccord Genuity Group Issues Positive Forecast for Bank of Nova Scotia (TSE:BNS) Stock Price

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective boosted by Canaccord Genuity Group from C$112.00 to C$118.00 in a research note released on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the bank’s stock.

A number of other analysts have also commented on the company. Jefferies Financial Group increased their price objective on Bank of Nova Scotia from C$97.00 to C$104.00 in a research note on Wednesday, February 11th. Raymond James Financial upped their target price on shares of Bank of Nova Scotia from C$114.00 to C$117.00 and gave the company an “outperform” rating in a report on Wednesday. BMO Capital Markets raised their price target 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 research note on Wednesday. Desjardins lifted their price target on shares of Bank of Nova Scotia from C$104.00 to C$106.00 and gave the stock a “hold” rating in a report on Monday, February 9th. Finally, Barclays boosted their price objective on shares of Bank of Nova Scotia from C$97.00 to C$106.00 in a research report on Thursday, February 19th. Three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$107.42.

Bank of Nova Scotia Price Performance

Shares of Bank of Nova Scotia stock opened at C$103.86 on Wednesday. Bank of Nova Scotia has a 1 year low of C$62.57 and a 1 year high of C$106.39. The business has a 50 day moving average price of C$102.35 and a 200 day moving average price of C$94.57. The company has a market capitalization of C$128.40 billion, a P/E ratio of 18.32, a P/E/G ratio of 1.33 and a beta of 1.33.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its earnings results on Tuesday, December 2nd. The bank reported C$1.93 EPS for the quarter. The firm had revenue of C$9.77 billion for the quarter. Bank of Nova Scotia had a return on equity of 9.64% and a net margin of 17.68%. As a group, research analysts expect that Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal year.

Insider Activity

In related news, insider Julie Walsh sold 3,716 shares of the firm’s stock in a transaction that occurred on 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 trade represents a 72.21% decrease in their ownership of the stock. Corporate insiders own 0.03% of the company’s stock.

Key Headlines Impacting Bank of Nova Scotia

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.