Desjardins Raises Bank of Nova Scotia (TSE:BNS) Price Target to C$107.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price upped by investment analysts at Desjardins from C$106.00 to C$107.00 in a report issued on Wednesday,BayStreet.CA reports. The firm presently has a “hold” rating on the bank’s stock. Desjardins’ price objective suggests a potential upside of 3.61% from the stock’s current price.

A number of other equities research analysts also recently weighed in on BNS. Royal Bank Of Canada lifted their target price on Bank of Nova Scotia from C$97.00 to C$106.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Canaccord Genuity Group boosted their price target on shares of Bank of Nova Scotia from C$112.00 to C$118.00 and gave the company a “buy” rating in a report on Wednesday. Barclays lifted their target price on Bank of Nova Scotia from C$97.00 to C$106.00 in a report on Thursday, February 19th. Raymond James Financial raised their price target on 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. Finally, Jefferies Financial Group raised their target price on shares of Bank of Nova Scotia from C$97.00 to C$104.00 in a report on Wednesday, February 11th. Three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$107.42.

Bank of Nova Scotia Stock Performance

Shares of TSE:BNS traded down C$0.05 during trading hours on Wednesday, hitting C$103.27. The stock had a trading volume of 1,867,298 shares, compared to its average volume of 4,335,239. The stock’s fifty day simple moving average is C$102.24 and its 200 day simple moving average is C$94.51. The firm has a market capitalization of C$127.67 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 1.33 and a beta of 1.33. Bank of Nova Scotia has a 1-year low of C$62.57 and a 1-year high of C$106.39.

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

Insider Activity at Bank of Nova Scotia

In related news, insider Julie Walsh sold 3,716 shares of Bank of Nova Scotia stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of C$100.62, for a total transaction of C$373,903.92. Following the transaction, the insider owned 1,430 shares of the company’s stock, valued at C$143,886.60. The trade was a 72.21% decrease in their ownership of the stock. 0.03% of the stock is currently owned by company insiders.

Key Headlines Impacting Bank of Nova Scotia

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

• Positive Sentiment: Q1 results showed broad-based earnings growth — Scotiabank reported roughly C$2.3B in net income with double‑digit adjusted EPS growth, driven by strength across domestic and international businesses; management emphasized capital management and continued tech/AI investment. Scotiabank reports first quarter results
• Positive Sentiment: RBC Capital Markets raised its price target on BNS to C$106 (from C$97), signaling increased analyst confidence after the quarter. Bank of Nova Scotia Price Target Raised to $106 at RBC
• Positive Sentiment: TD Cowen (Mario Mendonca) maintained a Buy rating with a C$112 price target, citing medium‑term EPS growth potential and capital strength despite mixed near‑term loan trends. Buy Rating on Bank of Nova Scotia Backed by Medium-Term EPS Growth and Capital Strength Despite Mixed Near-Term Loan Trends
• Positive Sentiment: Board declared a dividend payable April 28, 2026 (record April 7) — supports income investor interest and signals confidence in capital position. Scotiabank Announces Dividend on Outstanding Shares
• Positive Sentiment: Management reassured investors that Mexican operations remain stable with no material impact from local violence — reduces a key geopolitical/operational risk. Scotiabank says Mexico operations stable, no impact from violence
• Neutral Sentiment: Momentum/analyst commentary pieces highlight recent share‑price strength and investor interest; useful context but not new company-specific catalysts. What Makes Bank of Nova Scotia (BNS) a Strong Momentum Stock: Buy Now?
• Neutral Sentiment: Pre-earnings coverage noted consumer stress trends heading into results — background macro risk to monitor but largely priced into recent guidance/quarter. Bank of Nova Scotia earnings on deck amid consumer stress
• Negative Sentiment: Some coverage flagged that revenues were down and provisions for credit losses (PCLs) edged up even as EPS beat — mixed quality of the quarter could limit upside if revenue trends persist. Scotiabank Lodges Big Q1 Earnings Beat, But Revs Lower and PCLs Edged Up

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.