Desjardins Forecasts Strong Price Appreciation for Bank of Nova Scotia (TSE:BNS) Stock

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target raised by research analysts at Desjardins from C$108.00 to C$115.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the bank’s stock. Desjardins’ price objective indicates a potential upside of 4.39% from the company’s current price.

BNS has been the subject of a number of other research reports. UBS Group lifted their price target on Bank of Nova Scotia from C$118.00 to C$120.00 in a research report on Wednesday, February 25th. TD lifted their price target on Bank of Nova Scotia from C$112.00 to C$113.00 and gave the company a “hold” rating in a research report on Thursday. TD Securities lowered Bank of Nova Scotia from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$112.00 to C$111.00 in a research note on Tuesday, March 3rd. Royal Bank Of Canada lifted their price target on Bank of Nova Scotia from C$98.00 to C$117.00 and gave the stock a “sector perform” rating in a research note on Thursday. Finally, Barclays lifted their price target on Bank of Nova Scotia from C$108.00 to C$110.00 and gave the stock an “equal weight” rating in a research note on Thursday. One research analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$110.54.

Bank of Nova Scotia Stock Performance

Bank of Nova Scotia stock traded down C$1.41 during midday trading on Thursday, reaching C$110.16. 2,339,742 shares of the stock were exchanged, compared to its average volume of 4,283,286. The company’s fifty day moving average is C$102.24 and its 200-day moving average is C$100.87. The firm has a market cap of C$135.65 billion, a PE ratio of 16.34, a PEG ratio of 1.33 and a beta of 1.23. Bank of Nova Scotia has a 52 week low of C$72.30 and a 52 week high of C$113.57.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its earnings results on Wednesday, May 27th. The bank reported C$2.02 earnings per share for the quarter. The business had revenue of C$9.85 billion for the quarter. Bank of Nova Scotia had a net margin of 14.45% and a return on equity of 10.41%. On average, sell-side analysts anticipate that Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.

Bank of Nova Scotia News Summary

Here are the key news stories impacting Bank of Nova Scotia this week:

• Positive Sentiment: The Bank of Nova Scotia reported stronger-than-expected quarterly results, with C$2.02 EPS and C$9.84B in revenue, helped by solid performance in its Canadian and international businesses. Article Title
• Positive Sentiment: The bank raised its dividend by 3.6% to C$1.14 and maintained market-based DRIP purchases, a sign of confidence in its capital position and future earnings. Article Title
• Positive Sentiment: Scotiabank said foreign investors are showing renewed interest in Canada, which could support future capital flows and broader market sentiment toward the stock. Article Title
• Neutral Sentiment: The bank filed routine Form 6-K updates covering capitalization, earnings coverage ratios, and interim control certifications, which appear to be standard disclosure items rather than a new business catalyst. Article Title
• Neutral Sentiment: Additional Form 6-K filings highlighted strong earnings coverage ratios for the twelve months ended April 30, 2026, reinforcing balance-sheet strength but not changing the near-term story materially. Article Title

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).