Raymond James Financial Forecasts Strong Price Appreciation for Bank of Nova Scotia (TSE:BNS) Stock

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target upped by investment analysts at Raymond James Financial from C$117.00 to C$120.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the bank’s stock. Raymond James Financial’s price objective suggests a potential upside of 14.39% from the company’s previous close.

A number of other research analysts also recently weighed in on BNS. TD Securities downgraded Bank of Nova Scotia from a “buy” rating to a “hold” rating and decreased their price target for the company from C$112.00 to C$111.00 in a research note on Tuesday, March 3rd. Royal Bank Of Canada decreased their price target on Bank of Nova Scotia from C$106.00 to C$98.00 and set a “sector perform” rating for the company in a research note on Wednesday, March 25th. TD raised their price target on Bank of Nova Scotia from C$111.00 to C$112.00 and gave the company a “hold” rating in a research note on Tuesday, May 5th. National Bank Financial decreased their price target on Bank of Nova Scotia from C$102.00 to C$100.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 25th. Finally, Jefferies Financial Group raised their price target on Bank of Nova Scotia from C$97.00 to C$104.00 in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$106.85.

Bank of Nova Scotia Stock Down 1.0%

Shares of TSE:BNS traded down C$1.03 during mid-day trading on Wednesday, reaching C$104.90. 748,572 shares of the stock were exchanged, compared to its average volume of 4,418,562. The company has a market cap of C$129.18 billion, a P/E ratio of 15.56, a P/E/G ratio of 1.33 and a beta of 1.23. Bank of Nova Scotia has a one year low of C$70.49 and a one year high of C$107.73. The stock’s 50 day simple moving average is C$99.99 and its 200-day simple moving average is C$99.59.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its quarterly earnings data on Tuesday, February 24th. The bank reported C$2.05 earnings per share (EPS) for the quarter. The business had revenue of C$10.08 billion during the quarter. Bank of Nova Scotia had a return on equity of 10.41% and a net margin of 14.45%. Analysts anticipate that Bank of Nova Scotia will post 7.1286267 EPS 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).