Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$105.00 at Jefferies Financial Group

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target upped by analysts at Jefferies Financial Group from C$104.00 to C$105.00 in a report released on Wednesday,BayStreet.CA reports. Jefferies Financial Group’s price objective would suggest a potential downside of 3.23% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. National Bank Financial increased their price objective on shares of Bank of Nova Scotia from C$100.00 to C$106.00 and gave the stock a “sector perform” rating in a research note on Friday, May 15th. BMO Capital Markets increased their price objective on shares of Bank of Nova Scotia from C$98.00 to C$101.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 25th. TD increased their price objective on shares of Bank of Nova Scotia from C$111.00 to C$112.00 and gave the stock a “hold” rating in a research note on Tuesday, May 5th. Canadian Imperial Bank of Commerce increased their price objective on shares of Bank of Nova Scotia from C$109.00 to C$116.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Finally, Raymond James Financial increased their price objective on shares of Bank of Nova Scotia from C$117.00 to C$120.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$107.77.

Bank of Nova Scotia Trading Up 2.0%

Bank of Nova Scotia stock traded up C$2.17 during trading hours on Wednesday, reaching C$108.50. 1,766,022 shares of the stock were exchanged, compared to its average volume of 4,362,030. The company has a market cap of C$133.61 billion, a P/E ratio of 16.10, a price-to-earnings-growth 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$108.59. The stock has a 50 day moving average of C$100.52 and a two-hundred day moving average of C$100.11.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings data on Tuesday, February 24th. The bank reported C$2.05 earnings per share (EPS) for the quarter. The firm had revenue of C$10.08 billion for the quarter. Bank of Nova Scotia had a net margin of 14.45% and a return on equity of 10.41%. On average, analysts expect 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).