UBS 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 increased by UBS Group from C$118.00 to C$120.00 in a report issued on Wednesday,BayStreet.CA reports.

Other research analysts have also issued reports about the company. Canadian Imperial Bank of Commerce increased their price objective on Bank of Nova Scotia from C$103.00 to C$108.00 and gave the company a “neutral” rating in a report on Friday, February 13th. Canaccord Genuity Group upped their target price on Bank of Nova Scotia from C$112.00 to C$118.00 and gave the company a “buy” rating in a research report on Wednesday. Barclays increased their price target on shares of Bank of Nova Scotia from C$106.00 to C$108.00 and gave the stock an “equal weight” rating in a report on Wednesday. Desjardins lifted their price objective on shares of Bank of Nova Scotia from C$106.00 to C$107.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, National Bank Financial dropped their price objective 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 report on Wednesday. Three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$107.42.

Bank of Nova Scotia Trading Up 0.5%

TSE:BNS 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 PEG ratio of 1.33 and a beta of 1.33. Bank of Nova Scotia has a 12 month low of C$62.57 and a 12 month high of C$106.39. The firm has a fifty day simple moving average of C$102.35 and a 200-day simple moving average of 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 for the quarter. Equities analysts forecast that Bank of Nova Scotia will post 7.1286267 EPS for the current year.

Insider Activity at Bank of Nova Scotia

In other news, insider Julie Walsh sold 3,716 shares of Bank of Nova Scotia 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 transaction of C$373,903.92. Following the completion of the transaction, the insider directly owned 1,430 shares of the company’s stock, valued at C$143,886.60. The trade was a 72.21% decrease in their position. 0.03% of the stock is owned by 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

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.