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Scotia

Scotia Analyst Recommendations & Stock Picks

View the latest stock recommendations issued by analysts at Scotia. This page tracks publicly reported analyst upgrades and downgrades, buy/hold/sell ratings, and price target changes for publicly traded companies. All data is compiled from credible public sources and updated regularly to reflect new insights from Scotia's equity research team. MarketBeat is not affiliated with or endorsed by Scotia.

  • Updated 5/28/2026
Brokerage Ranking
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Average Return
00.00% 12-Month ROI
Total Ratings
54 Last 12 Months
Buy Ratings
30 Last 12 Months
Sell Ratings
0 Last 12 Months
Companies Covered
49 Last 12 Months
MarketRank™ evaluates a company based on dividend strength, earnings, valuation, analysts forecasts, and more.
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Analyst consensus is the average investment recommendation among Wall Street research analysts.
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Export
CompanyCurrent PriceReport DateAnalystActionPrice TargetRating12-Month Recommendation ROIDetails
Bombardier Inc. stock logo
BBD.A
Bombardier
C$310.57
+3.9%		5/28/2026 Boost Price TargetC$305.00 ➝ C$330.00Sector OutperformView details for Scotia rating of Bombardier (TSE:BBD.A) on 5/28/2026
MDA Space Ltd. stock logo
MDA
MDA Space
C$61.48
-8.4%		5/28/2026 Boost Price TargetC$53.00 ➝ C$70.00Sector OutperformView details for Scotia rating of MDA Space (TSE:MDA) on 5/28/2026
Lithium Americas Corp. stock logo
LAC
Lithium Americas
$5.22
+1.4%		5/25/2026 Lower Price Target$5.00 ➝ $4.50Sector PerformView details for Scotia rating of Lithium Americas (NYSE:LAC) on 5/25/2026
CAE Inc. stock logo
CAE
CAE
C$35.69
+0.9%		5/22/2026 Lower Price TargetC$56.00 ➝ C$50.00Sector OutperformView details for Scotia rating of CAE (TSE:CAE) on 5/22/2026
Brookfield Corporation stock logo
BN
Brookfield
$45.60
-1.1%		5/15/2026 Boost Price Target$48.50 ➝ $53.00Sector OutperformView details for Scotia rating of Brookfield (NYSE:BN) on 5/15/2026
Keyera Corp. stock logo
KEY
Keyera
C$57.19
+1.3%		5/15/2026 Boost Price TargetC$55.00 ➝ C$60.00Sector OutperformView details for Scotia rating of Keyera (TSE:KEY) on 5/15/2026
Lithium Americas Corp. stock logo
LAC
Lithium Americas
C$7.20
+1.0%		5/15/2026 Boost Price TargetC$8.50 ➝ C$11.00Sector OutperformView details for Scotia rating of Lithium Americas (TSE:LAC) on 5/15/2026
Northland Power Inc. stock logo
NPI
Northland Power
C$23.52
+0.2%		5/15/2026 Boost Price TargetC$23.00 ➝ C$25.00Sector PerformView details for Scotia rating of Northland Power (TSE:NPI) on 5/15/2026
Quebecor, Inc. stock logo
QBR.B
Quebecor
C$66.90
-0.6%		5/15/2026 Boost Price TargetC$54.50 ➝ C$58.00Sector PerformView details for Scotia rating of Quebecor (TSE:QBR.B) on 5/15/2026
Stantec Inc. stock logo
STN
Stantec
C$104.17
0.0%		5/15/2026 Lower Price TargetC$146.00 ➝ C$138.00Sector OutperformView details for Scotia rating of Stantec (TSE:STN) on 5/15/2026
Boyd Group Services Inc. stock logo
BYD
Boyd Group Services
C$152.65
+2.7%		5/14/2026 Lower Price TargetC$239.00 ➝ C$231.00Sector OutperformView details for Scotia rating of Boyd Group Services (TSE:BYD) on 5/14/2026
Chemtrade Logistics Income Fund stock logo
CHE.UN
Chemtrade Logistics Income Fund
C$17.00
-0.2%		5/14/2026 Boost Price TargetC$17.00 ➝ C$19.00Sector PerformView details for Scotia rating of Chemtrade Logistics Income Fund (TSE:CHE.UN) on 5/14/2026
Hydro One Limited stock logo
H
Hydro One
C$56.70
-2.3%		5/14/2026 Boost Price TargetC$53.00 ➝ C$58.00Sector PerformView details for Scotia rating of Hydro One (TSE:H) on 5/14/2026
Power Co. of Canada stock logo
POW
Power Co. of Canada
C$83.33
+2.3%		5/14/2026 Boost Price TargetC$79.00 ➝ C$90.00Sector OutperformView details for Scotia rating of Power Co. of Canada (TSE:POW) on 5/14/2026
CT Real Estate Investment Trust stock logo
CRT.UN
CT Real Estate Investment Trust
C$17.67
-0.9%		5/13/2026 Boost Price TargetC$17.00 ➝ C$18.50Sector PerformView details for Scotia rating of CT Real Estate Investment Trust (TSE:CRT.UN) on 5/13/2026
George Weston Limited stock logo
WN
George Weston
C$96.58
-0.2%		5/13/2026 Lower Price TargetC$106.00 ➝ C$102.00Sector PerformView details for Scotia rating of George Weston (TSE:WN) on 5/13/2026
Baytex Energy Corp. stock logo
BTE
Baytex Energy
C$6.74
-0.3%		5/8/2026 Boost Price TargetC$6.50 ➝ C$7.50Sector OutperformView details for Scotia rating of Baytex Energy (TSE:BTE) on 5/8/2026
Granite Real Estate Investment Trust stock logo
GRT.UN
Granite Real Estate Investment Trust
C$96.36
-0.1%		5/8/2026 Boost Price TargetC$100.00 ➝ C$105.00Sector OutperformView details for Scotia rating of Granite Real Estate Investment Trust (TSE:GRT.UN) on 5/8/2026
Great-West Lifeco Inc. stock logo
GWO
Great-West Lifeco
C$80.48
+1.0%		5/8/2026 Boost Price TargetC$78.00 ➝ C$83.00Sector OutperformView details for Scotia rating of Great-West Lifeco (TSE:GWO) on 5/8/2026
Killam Apartment REIT stock logo
KMP.UN
Killam Apartment REIT
C$18.34
-1.0%		5/8/2026 Boost Price TargetC$19.50 ➝ C$20.00Sector OutperformView details for Scotia rating of Killam Apartment REIT (TSE:KMP.UN) on 5/8/2026
MDA Space Ltd. stock logo
MDA
MDA Space
C$61.48
-8.4%		5/8/2026 Boost Price TargetC$49.00 ➝ C$53.00Sector OutperformView details for Scotia rating of MDA Space (TSE:MDA) on 5/8/2026
Maple Leaf Foods Inc. stock logo
MFI
Maple Leaf Foods
C$29.94
+0.3%		5/8/2026 Boost Price TargetC$32.00 ➝ C$36.00Sector OutperformView details for Scotia rating of Maple Leaf Foods (TSE:MFI) on 5/8/2026
Open Text Corporation stock logo
OTEX
Open Text
$23.84
+2.3%		5/8/2026 Lower Price Target$50.00 ➝ $40.00Sector OutperformView details for Scotia rating of Open Text (NASDAQ:OTEX) on 5/8/2026
Premium Brands Holdings Co. stock logo
PBH
Premium Brands
C$90.96
-0.2%		5/8/2026 Boost Price TargetC$100.00 ➝ C$110.00Sector OutperformView details for Scotia rating of Premium Brands (TSE:PBH) on 5/8/2026
SmartCentres Real Estate Investment Trst stock logo
SRU.UN
SmartCentres Real Estate Investment Trst
C$28.98
-0.5%		5/8/2026 Boost Price TargetC$27.50 ➝ C$28.50Sector PerformView details for Scotia rating of SmartCentres Real Estate Investment Trst (TSE:SRU.UN) on 5/8/2026
Tidewater Midstream and Infrastructure Ltd. stock logo
TWM
Tidewater Midstream and Infrastructure
C$16.65
-0.5%		5/8/2026 Boost Price TargetC$9.00 ➝ C$17.00Sector PerformView details for Scotia rating of Tidewater Midstream and Infrastructure (TSE:TWM) on 5/8/2026
ATCO Ltd. stock logo
ACO.X
ATCO
C$68.02
-1.2%		5/7/2026 Boost Price TargetC$67.00 ➝ C$70.00Sector PerformView details for Scotia rating of ATCO (TSE:ACO.X) on 5/7/2026
Boardwalk Real Estate Investment Trust stock logo
BEI.UN
Boardwalk Real Estate Investment Trust
C$64.09
+0.2%		5/7/2026 Lower Price TargetC$75.50 ➝ C$74.50Sector PerformView details for Scotia rating of Boardwalk Real Estate Investment Trust (TSE:BEI.UN) on 5/7/2026
Cenovus Energy Inc. stock logo
CVE
Cenovus Energy
C$38.06
-1.4%		5/7/2026 Boost Price TargetC$38.00 ➝ C$44.00Sector OutperformView details for Scotia rating of Cenovus Energy (TSE:CVE) on 5/7/2026
iA Financial Co. Inc. stock logo
IAG
iA Financial
C$171.88
+0.5%		5/7/2026 Lower Price TargetC$183.00 ➝ C$168.00Sector PerformView details for Scotia rating of iA Financial (TSE:IAG) on 5/7/2026
Loblaw Companies Limited stock logo
L
Loblaw Companies
C$61.67
0.0%		5/7/2026 Lower Price TargetC$70.00 ➝ C$64.00Sector PerformView details for Scotia rating of Loblaw Companies (TSE:L) on 5/7/2026
Linamar Co. stock logo
LNR
Linamar
C$102.00
-0.1%		5/7/2026 Boost Price TargetC$96.00 ➝ C$99.00Sector PerformView details for Scotia rating of Linamar (TSE:LNR) on 5/7/2026
Restaurant Brands International Inc. stock logo
QSR
Restaurant Brands International
$74.70
+0.5%		5/7/2026 Boost Price Target$81.00 ➝ $83.00Sector PerformView details for Scotia rating of Restaurant Brands International (NYSE:QSR) on 5/7/2026
Russel Metals Inc. stock logo
RUS
Russel Metals
C$62.44
+1.3%		5/7/2026 Boost Price TargetC$54.00 ➝ C$62.00Sector OutperformView details for Scotia rating of Russel Metals (TSE:RUS) on 5/7/2026
Sienna Senior Living Inc. stock logo
SIA
Sienna Senior Living
C$21.18
-0.7%		5/7/2026 Boost Price TargetC$25.00 ➝ C$26.00Sector OutperformView details for Scotia rating of Sienna Senior Living (TSE:SIA) on 5/7/2026
Cameco Co. stock logo
CCO
Cameco
C$154.91
+1.5%		5/6/2026 Boost Price TargetC$150.00 ➝ C$175.00Sector OutperformView details for Scotia rating of Cameco (TSE:CCO) on 5/6/2026
RioCan Real Estate Investment Trust stock logo
REI.UN
RioCan Real Estate Investment Trust
C$22.19
+0.5%		5/6/2026 Boost Price TargetC$20.50 ➝ C$22.25Sector PerformView details for Scotia rating of RioCan Real Estate Investment Trust (TSE:REI.UN) on 5/6/2026
Thomson Reuters Co. stock logo
TRI
Thomson Reuters
C$119.54
+2.6%		5/6/2026 Lower Price TargetC$156.00 ➝ C$138.00Sector OutperformView details for Scotia rating of Thomson Reuters (TSE:TRI) on 5/6/2026
TMX Group Limited stock logo
X
TMX Group
C$51.59
-1.1%		5/6/2026 Boost Price TargetC$70.00 ➝ C$71.00Sector OutperformView details for Scotia rating of TMX Group (TSE:X) on 5/6/2026
Canadian National Railway stock logo
CNR
Canadian National Railway
C$163.25
-0.3%		4/30/2026 Boost Price TargetC$160.00 ➝ C$162.00Sector OutperformView details for Scotia rating of Canadian National Railway (TSE:CNR) on 4/30/2026
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First Quantum Minerals Ltd. stock logo
FM
First Quantum Minerals
C$42.44
+2.3%		4/30/2026 Lower Price TargetC$47.00 ➝ C$44.00Sector OutperformView details for Scotia rating of First Quantum Minerals (TSE:FM) on 4/30/2026
CGI Inc stock logo
GIB.A
CGI
C$96.28
+3.2%		4/30/2026 Lower Price TargetC$120.00 ➝ C$110.00Sector PerformView details for Scotia rating of CGI (TSE:GIB.A) on 4/30/2026
Toromont Industries Ltd. stock logo
TIH
Toromont Industries
C$227.39
+0.2%		4/30/2026 Boost Price TargetC$208.00 ➝ C$229.00Sector PerformView details for Scotia rating of Toromont Industries (TSE:TIH) on 4/30/2026
Whitecap Resources Inc. stock logo
WCP
Whitecap Resources
C$15.84
-1.1%		4/30/2026 Boost Price TargetC$17.00 ➝ C$19.00Sector OutperformView details for Scotia rating of Whitecap Resources (TSE:WCP) on 4/30/2026
Great-West Lifeco Inc. stock logo
GWO
Great-West Lifeco
C$80.48
+1.0%		4/29/2026 Boost Price TargetC$71.00 ➝ C$78.00View details for Scotia rating of Great-West Lifeco (TSE:GWO) on 4/29/2026
iA Financial Co. Inc. stock logo
IAG
iA Financial
C$171.88
+0.5%		4/29/2026 Boost Price TargetC$174.00 ➝ C$183.00View details for Scotia rating of iA Financial (TSE:IAG) on 4/29/2026
Metro Inc. stock logo
MRU
Metro
C$88.47
0.0%		4/23/2026 Lower Price TargetC$103.00 ➝ C$96.00Sector PerformView details for Scotia rating of Metro (TSE:MRU) on 4/23/2026
Rogers Communications Inc. stock logo
RCI.B
Rogers Communications
C$53.20
+0.9%		4/23/2026 UpgradeC$57.75 ➝ C$60.50Sector Perform ➝ Sector OutperformView details for Scotia rating of Rogers Communications (TSE:RCI.B) on 4/23/2026
Cenovus Energy Inc. stock logo
CVE
Cenovus Energy
C$38.06
-1.4%		4/21/2026 Set Price TargetC$38.00Sector OutperformView details for Scotia rating of Cenovus Energy (TSE:CVE) on 4/21/2026
Suncor Energy Inc. stock logo
SU
Suncor Energy
C$86.17
-1.2%		4/21/2026 Boost Price TargetC$85.00 ➝ C$90.00Sector PerformView details for Scotia rating of Suncor Energy (TSE:SU) on 4/21/2026
BRP Inc. stock logo
DOO
BRP
C$79.70
-1.5%		4/16/2026 Lower Price TargetC$117.00 ➝ C$80.00Sector PerformView details for Scotia rating of BRP (TSE:DOO) on 4/16/2026
Savaria Co. stock logo
SIS
Savaria
C$28.40
-1.0%		4/16/2026 Boost Price TargetC$30.00 ➝ C$33.00Sector OutperformView details for Scotia rating of Savaria (TSE:SIS) on 4/16/2026
AGF Management Limited stock logo
AGF.B
AGF Management
C$17.42
+0.2%		4/15/2026 Lower Price TargetC$20.00 ➝ C$18.00Sector PerformView details for Scotia rating of AGF Management (TSE:AGF.B) on 4/15/2026
Colliers International Group Inc. stock logo
CIGI
Colliers International Group
$94.36
-1.5%		4/15/2026 Lower Price Target$155.00 ➝ $150.00Sector OutperformView details for Scotia rating of Colliers International Group (NASDAQ:CIGI) on 4/15/2026

MarketBeat's community ratings are surveys of what our community members think about Scotia and other research firms in the last 90 days. Vote "Outperform" if you believe Scotia's recommendations will outperform the broader market over the long term. Vote "Underperform" if you believe Scotia's recommendations will underperform the broader market over the long term. You may vote once every thirty days.

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COMMUNITY RATINGS
2.1out of 5 (last 90 days)
2.1 of 5 stars
OUTPERFORM VOTES
22 Believe will outperform the market
UNDERPERFORM VOTES
30 Believe will underperform the market

Scotia Stock Coverage by Sector

Scotia concentrates its research most heavily in Industrials (18.4%), Energy (14.3%) and Real Estate (12.2%). The chart below shows how Scotia's 49 rated companies are distributed across all 13 sectors it covers.

Scotia - Frequently Asked Questions

Scotia's analysts currently have buy-equivalent ratings on 28 companies. Recent upgrades to buy include Rogers Communications.

Scotia has the deepest coverage in Industrials (18.4% of rated companies), Energy (14.3% of rated companies), Real Estate (12.2% of rated companies), Consumer Defensive (10.2% of rated companies) and Financial Services (10.2% of rated companies).

Scotia issued 54 ratings over the last 12 months across 49 companies — an average of roughly 4 rating actions per month. These include boost price target, lower price target, set price target and upgrade. MarketBeat tracks every rating change as it's published so you can see the most current Scotia analyst actions.

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