Bank of Nova Scotia (TSE:BNS) Stock Price Expected to Rise, Canadian Imperial Bank of Commerce Analyst Says

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target boosted by equities research analysts at Canadian Imperial Bank of Commerce from C$136.00 to C$137.00 in a report released on Thursday, BayStreet reports. The brokerage currently has a “neutral” rating on the bank’s stock. Canadian Imperial Bank of Commerce’s target price points to a potential upside of 4.71% from the company’s previous close.

A number of other research analysts have also weighed in on the stock. Barclays raised their price objective on shares of Bank of Nova Scotia from C$110.00 to C$130.00 in a research note on Friday, August 21st. Desjardins set a C$130.00 target price on shares of Bank of Nova Scotia and gave the stock a “hold” rating in a report on Wednesday. Canaccord Genuity Group raised their price target on shares of Bank of Nova Scotia from C$121.00 to C$127.00 and gave the company a “hold” rating in a research report on Wednesday, August 26th. Royal Bank Of Canada lifted their price target on Bank of Nova Scotia from C$117.00 to C$129.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 26th. Finally, National Bank Financial raised Bank of Nova Scotia from a “hold” rating to an “outperform” rating and boosted their price objective for the stock from C$128.00 to C$142.00 in a report on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, Bank of Nova Scotia currently has a consensus rating of “Moderate Buy” and a consensus target price of C$129.50.

Bank of Nova Scotia Price Performance

Shares of TSE:BNS traded up C$1.70 during trading on Thursday, reaching C$130.84. 1,103,028 shares of the stock were exchanged, compared to its average volume of 4,155,387. Bank of Nova Scotia has a 1-year low of C$86.73 and a 1-year high of C$131.72. The stock has a fifty day moving average of C$124.05 and a two-hundred day moving average of C$111.71. The firm has a market cap of C$159.47 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its earnings results on Tuesday, August 25th. The bank reported C$2.28 earnings per share (EPS) for the quarter. Bank of Nova Scotia had a return on equity of 11.41% and a net margin of 14.08%.The company had revenue of C$10.54 billion for the quarter. Sell-side analysts forecast that Bank of Nova Scotia will post 7.1286267 EPS for the current year.

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).