Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$108.00 at Desjardins

Key Points

• Desjardins raised its price target on Bank of Nova Scotia to C$108.00 (from C$107.00) while maintaining a "hold" rating, implying about a 3.40% upside from the prior close.
• The analyst consensus remains "Hold" (one Buy, ten Hold) with an average price target of C$106.62, after mixed updates from peers including RBC, BMO, Canaccord and Barclays.
• Shares traded at C$104.45 with a market cap of C$128.62 billion, a P/E of 15.5, and recent quarterly results of C$2.05 EPS on C$10.08 billion revenue.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS had its price target hoisted by stock analysts at Desjardins from C$107.00 to C$108.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The firm currently has a "hold" rating on the bank's stock. Desjardins' price target would suggest a potential upside of 3.40% from the stock's previous close.

Several other analysts have also recently issued reports on the company. Royal Bank Of Canada cut their target price on Bank of Nova Scotia from C$106.00 to C$98.00 and set a "sector perform" rating on the stock in a research note on Wednesday, March 25th. BMO Capital Markets lifted their price objective on Bank of Nova Scotia from C$98.00 to C$101.00 and gave the company a "market perform" rating in a research report on Wednesday, February 25th. Canaccord Genuity Group cut Bank of Nova Scotia from a "buy" rating to a "hold" rating and cut their price objective for the company from C$118.00 to C$110.00 in a research report on Monday, March 9th. Jefferies Financial Group lifted their price objective on Bank of Nova Scotia from C$97.00 to C$104.00 in a research report on Wednesday, February 11th. Finally, Barclays lifted their price objective on Bank of Nova Scotia from C$106.00 to C$108.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 25th. One analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of C$106.62.

Bank of Nova Scotia Stock Performance

Shares of TSE BNS traded up C$0.16 during trading hours on Tuesday, hitting C$104.45. The company's stock had a trading volume of 721,346 shares, compared to its average volume of 4,533,567. The stock has a market cap of C$128.62 billion, a price-to-earnings ratio of 15.50, a P/E/G ratio of 1.33 and a beta of 1.16. Bank of Nova Scotia has a 12 month low of C$68.74 and a 12 month high of C$106.59. The business has a 50-day simple moving average of C$99.79 and a 200-day simple moving average of C$98.91.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS last posted its earnings results on Tuesday, February 24th. The bank reported C$2.05 earnings per share (EPS) for the quarter. The company had revenue of C$10.08 billion for the quarter. Bank of Nova Scotia had a return on equity of 10.41% and a net margin of 14.45%. On average, equities research analysts forecast that Bank of Nova Scotia will post 7.1286267 EPS for the current year.

Bank of Nova Scotia Company Profile

Scotiabank's vision is to be our clients' most trusted financial partner and deliver sustainable, profitable growth. Guided by our purpose: 'for every future,' we help our clients, their families and their communities achieve success through a broad range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.5 trillion (as at January 31, 2026), Scotiabank is one of the largest banks in North America by assets, and trades on the Toronto Stock Exchange TSX: BNS and New York Stock Exchange NYSE: BNS.

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