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

Key Points

• National Bank Financial raised its Bank of Nova Scotia price target to C$128 from C$106 while maintaining a “sector perform” rating, implying roughly 1.11% upside from the reported share price.
• Analyst sentiment remains largely neutral: the stock has a consensus “Hold” rating from MarketBeat, with one Buy rating and ten Hold ratings, and a consensus target of C$117.
• Bank of Nova Scotia shares rose 0.5% to C$126.60, near their 12-month high of C$126.87. In its latest quarter, the bank reported C$2.02 EPS and C$9.85 billion in revenue.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS had its price target raised by equities researchers at National Bank Financial from C$106.00 to C$128.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a "sector perform" rating on the bank's stock. National Bank Financial's target price points to a potential upside of 1.11% from the stock's current price.

A number of other analysts have also recently weighed in on the stock. TD boosted their target price on shares of Bank of Nova Scotia from C$113.00 to C$124.00 and gave the stock a "hold" rating in a research note on Wednesday. Raymond James Financial boosted their price objective on Bank of Nova Scotia from C$121.00 to C$137.00 and gave the stock an "outperform" rating in a research report on Wednesday. Canaccord Genuity Group upped their target price on Bank of Nova Scotia from C$111.00 to C$121.00 and gave the stock a "hold" rating in a report on Tuesday, July 7th. Royal Bank Of Canada increased their target price on Bank of Nova Scotia from C$98.00 to C$117.00 and gave the company a "sector perform" rating in a research report on Thursday, May 28th. Finally, Jefferies Financial Group lifted their price target on Bank of Nova Scotia from C$112.00 to C$117.00 and gave the company a "hold" rating in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of C$117.00.

Bank of Nova Scotia Trading Up 0.5%

Bank of Nova Scotia stock traded up C$0.65 during trading hours on Thursday, reaching C$126.60. 680,920 shares of the stock were exchanged, compared to its average volume of 4,234,299. The company has a market cap of C$154.34 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30. The stock has a 50 day moving average of C$121.79 and a two-hundred day moving average of C$109.35. Bank of Nova Scotia has a twelve month low of C$77.77 and a twelve month high of C$126.87.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS last announced its quarterly earnings data on Wednesday, May 27th. The bank reported C$2.02 earnings per share (EPS) for the quarter. Bank of Nova Scotia had a net margin of 15.64% and a return on equity of 11.06%. The business had revenue of C$9.85 billion for the quarter. On average, analysts expect that Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.

About Bank of Nova Scotia

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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