Bank of Nova Scotia (TSE:BNS) Price Target Lowered to C$100.00 at National Bank Financial

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target decreased by National Bank Financial from C$102.00 to C$100.00 in a research report report published on Wednesday,BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the bank’s stock.

BNS has been the subject of several other research reports. Canaccord Genuity Group boosted their price target on shares of Bank of Nova Scotia from C$106.00 to C$112.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Raymond James Financial raised their price objective on shares of Bank of Nova Scotia from C$114.00 to C$117.00 and gave the stock an “outperform” rating in a research report on Wednesday. Desjardins upped their target price on shares of Bank of Nova Scotia from C$104.00 to C$106.00 and gave the company a “hold” rating in a research report on Monday, February 9th. Canadian Imperial Bank of Commerce lifted 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 research note on Friday, February 13th. Finally, Jefferies Financial Group boosted their price objective on Bank of Nova Scotia from C$97.00 to C$104.00 in a report on Wednesday, February 11th. Three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$107.42.

Bank of Nova Scotia Stock Performance

TSE:BNS opened at C$103.86 on Wednesday. The firm has a market cap of C$128.40 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 1.33 and a beta of 1.33. Bank of Nova Scotia has a one year low of C$62.57 and a one year high of C$106.39. The firm’s fifty day moving average is C$102.35 and its two-hundred day moving average is C$94.57.

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

Insider Activity

In other 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 value of C$373,903.92. Following the sale, the insider directly owned 1,430 shares in the company, valued at approximately C$143,886.60. This trade represents a 72.21% decrease in their ownership of the stock. Insiders own 0.03% of the company’s stock.

Key Stories 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.