Bank of Nova Scotia (TSE:BNS) Given New C$116.00 Price Target at Canadian Imperial Bank of Commerce

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price hoisted by stock analysts at Canadian Imperial Bank of Commerce from C$109.00 to C$116.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has a “neutral” rating on the bank’s stock. Canadian Imperial Bank of Commerce’s price target points to a potential upside of 9.54% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. Jefferies Financial Group boosted their price target on shares of Bank of Nova Scotia from C$97.00 to C$104.00 in a report on Wednesday, February 11th. TD Securities lowered shares of Bank of Nova Scotia from a “buy” rating to a “hold” rating and lowered their price target for the company from C$112.00 to C$111.00 in a report on Tuesday, March 3rd. Barclays boosted their price target on shares of Bank of Nova Scotia from C$106.00 to C$108.00 and gave the company an “equal weight” rating in a report on Wednesday, February 25th. TD boosted their price target on shares of Bank of Nova Scotia from C$111.00 to C$112.00 and gave the company a “hold” rating in a report on Tuesday, May 5th. Finally, Royal Bank Of Canada lowered their price target on shares of Bank of Nova Scotia from C$106.00 to C$98.00 and set a “sector perform” rating on the stock in a report on Wednesday, March 25th. One equities research analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$107.38.

Bank of Nova Scotia Trading Up 1.0%

TSE:BNS traded up C$1.08 during trading hours on Thursday, hitting C$105.90. 966,500 shares of the company traded hands, compared to its average volume of 4,404,243. The stock has a market capitalization of C$130.41 billion, a price-to-earnings ratio of 15.71, a P/E/G ratio of 1.33 and a beta of 1.23. Bank of Nova Scotia has a twelve month low of C$70.49 and a twelve month high of C$107.73. The firm has a 50-day moving average of C$100.02 and a 200 day moving average of C$99.69.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its earnings results on Tuesday, February 24th. The bank reported C$2.05 EPS for the quarter. The firm had revenue of C$10.08 billion during the quarter. Bank of Nova Scotia had a net margin of 14.45% and a return on equity of 10.41%. Equities research analysts predict 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).