Desjardins Issues Positive Forecast for Bank of Nova Scotia (TSE:BNS) Stock Price

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target boosted by Desjardins from C$106.00 to C$107.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a hold rating on the bank’s stock.

BNS has been the topic of a number of other reports. Royal Bank Of Canada lifted their target price on Bank of Nova Scotia from C$97.00 to C$106.00 and gave the stock a “sector perform” rating in a research report on Wednesday. TD Securities lifted their price objective on Bank of Nova Scotia from C$104.00 to C$112.00 in a report on Monday, February 9th. Raymond James Financial boosted their price objective on Bank of Nova Scotia from C$114.00 to C$117.00 and gave the company an “outperform” rating in a research report on Wednesday. Canaccord Genuity Group raised their target price on Bank of Nova Scotia from C$112.00 to C$118.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, National Bank Financial decreased their price target on shares of Bank of Nova Scotia from C$102.00 to C$100.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$107.42.

Bank of Nova Scotia Trading Up 0.5%

Shares of BNS stock opened at C$103.86 on Wednesday. The firm 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 1 year low of C$62.57 and a 1 year high of C$106.39. The firm’s fifty day simple moving average is C$102.35 and its 200 day simple moving average is C$94.57.

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

Insiders Place Their Bets

In other Bank of Nova Scotia news, insider Julie Walsh sold 3,716 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of C$100.62, for a total transaction of C$373,903.92. Following the completion of the transaction, the insider directly owned 1,430 shares in the company, valued at C$143,886.60. This represents a 72.21% decrease in their ownership of the stock. 0.03% of the stock is owned by company insiders.

Key Bank of Nova Scotia News

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

Bank of Nova Scotia Company Profile

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.