Desjardins Forecasts Strong Price Appreciation for Bank of Nova Scotia (TSE:BNS) Stock

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price boosted by equities researchers at Desjardins from C$77.00 to C$79.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has a “hold” rating on the bank’s stock. Desjardins’ target price points to a potential upside of 1.00% from the stock’s current price. Desjardins also issued estimates for Bank of Nova Scotia’s Q3 2025 earnings at $1.72 EPS and FY2026 earnings at $7.80 EPS.

A number of other analysts have also recently commented on the company. UBS Group cut their target price on Bank of Nova Scotia from C$85.00 to C$78.00 in a research report on Thursday, May 22nd. TD Securities lifted their target price on Bank of Nova Scotia from C$77.00 to C$79.00 and gave the stock a “buy” rating in a research report on Wednesday, May 28th. Royal Bank Of Canada cut their target price on Bank of Nova Scotia from C$81.00 to C$80.00 and set a “sector perform” rating on the stock in a research report on Monday, June 9th. Canaccord Genuity Group lifted their target price on Bank of Nova Scotia from C$81.00 to C$85.00 in a research report on Tuesday, July 22nd. Finally, Jefferies Financial Group lifted their target price on Bank of Nova Scotia from C$70.00 to C$75.00 and gave the stock a “hold” rating in a research report on Wednesday, May 28th. Ten research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$78.50.

Bank of Nova Scotia Stock Performance

Shares of BNS stock opened at C$78.22 on Wednesday. The stock’s 50-day moving average is C$75.62 and its two-hundred day moving average is C$71.89. Bank of Nova Scotia has a 1 year low of C$62.57 and a 1 year high of C$80.14. The firm has a market cap of C$95.85 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 1.33 and a beta of 0.97.

About Bank of Nova Scotia

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.