National Bank Financial Cuts Bank of Nova Scotia (TSE:BNS) Price Target to C$100.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target reduced by National Bank Financial from C$102.00 to C$100.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the bank’s stock.

Other equities research analysts also recently issued reports about the stock. Desjardins boosted their price target on shares of Bank of Nova Scotia from C$104.00 to C$106.00 and gave the stock a “hold” rating in a research note on Monday, February 9th. Raymond James Financial lifted their target price on shares of Bank of Nova Scotia from C$114.00 to C$117.00 and gave the stock an “outperform” rating in a report on Wednesday. TD Securities upped their target price on shares of Bank of Nova Scotia from C$104.00 to C$112.00 in a research report on Monday, February 9th. Canaccord Genuity Group raised their price target on Bank of Nova Scotia from C$106.00 to C$112.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Finally, Barclays lifted their price objective on Bank of Nova Scotia from C$97.00 to C$106.00 in a research note on Thursday, February 19th. Three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$107.42.

Bank of Nova Scotia Stock Down 1.5%

Shares of BNS opened at C$103.48 on Wednesday. The stock’s fifty day simple moving average is C$102.53 and its 200-day simple moving average is C$94.83. The firm has a market capitalization of C$127.93 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 1.33 and a beta of 1.33. Bank of Nova Scotia has a 12-month low of C$62.57 and a 12-month high of C$106.39.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings data on Tuesday, December 2nd. The bank reported C$1.93 EPS for the quarter. The firm had revenue of C$9.77 billion during the quarter. Bank of Nova Scotia had a return on equity of 9.64% and a net margin of 17.68%. 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 the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of C$100.62, for a total value of C$373,903.92. Following the completion of the sale, the insider owned 1,430 shares in the company, valued at C$143,886.60. This represents a 72.21% decrease in their position. 0.03% of the stock is currently owned by corporate insiders.

More Bank of Nova Scotia News

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

• Positive Sentiment: Q1 beat, dividend affirmed and CA$40B shelf prospectus gives Scotiabank funding flexibility and supports growth/tech plans — a clear positive fundamental catalyst. How Investors Are Reacting To Bank of Nova Scotia (TSX:BNS) Q1 2026 Beat and CA$40B Funding Plan
• Positive Sentiment: Multiple broker notes are constructive (RBC raised its price target to C$106; other analysts from UBS, Desjardins, BMO and Canaccord published bullish commentary), which supports upside sentiment among investors. Royal Bank Of Canada Raises Bank of Nova Scotia (TSE:BNS) Price Target to C$106.00
• Positive Sentiment: Operational/brand improvements — rollout of on‑demand ASL/LSQ interpretation across Canadian branches — strengthen customer access and ESG/operational story, modestly positive for reputation and retention. Scotiabank Collaborates with Canadian Hearing Services to Launch On-Demand Sign Language Interpretation Nationwide
• Neutral Sentiment: Scotiabank says recent GDP prints are unlikely to change Bank of Canada rate decisions materially — implies a stable-rate backdrop for bank margins in the near term (neutral for immediate stock direction). Scotiabank Sees Little Impact on Bank of Canada’s Thinking From Friday’s GDP Data
• Neutral Sentiment: Market/valuation questions: coverage pieces debate whether BNS’s recent share performance (large 1‑year gain) leaves it fairly priced — this fuels both buy-side conviction and profit-taking. Is Bank of Nova Scotia (TSX:BNS) Price Justified After Strong One Year Share Performance
• Negative Sentiment: At least one dealer (National Bank Financial) lowered expectations for BNS, adding a measurable headwind to investor sentiment amid mixed broker views. National Bank Financial Has Lowered Expectations for Bank of Nova Scotia (TSE:BNS) Stock Price

Bank of Nova Scotia Company Profile

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.