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

Posted by Brenda Bartman on May 28th, 2026

Bank of Nova Scotia (TSE:BNS – Get Free Report) (NYSE:BNS) had its target price upped by research analysts at Barclays from C$108.00 to C$110.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “equal weight” rating on the bank’s stock. Barclays‘s target price indicates a potential downside of 0.15% from the stock’s current price.

A number of other analysts have also recently commented on BNS. Jefferies Financial Group boosted their price objective on Bank of Nova Scotia from C$104.00 to C$105.00 in a research report on Wednesday, May 20th. Canadian Imperial Bank of Commerce boosted their price objective on Bank of Nova Scotia from C$116.00 to C$122.00 and gave the company a “neutral” rating in a research report on Thursday. Canaccord Genuity Group cut their price objective on Bank of Nova Scotia from C$110.00 to C$108.00 and set a “hold” rating for the company in a research report on Wednesday, May 20th. Raymond James Financial boosted their price objective on Bank of Nova Scotia from C$117.00 to C$120.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Finally, Royal Bank Of Canada cut their price objective 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 report on Wednesday, March 25th. One analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, Bank of Nova Scotia presently has a consensus rating of “Hold” and a consensus target price of C$110.54.

Read Our Latest Analysis on BNS

Bank of Nova Scotia Price Performance

TSE:BNS traded down C$1.41 during trading hours on Thursday, reaching C$110.16. The company had a trading volume of 2,339,742 shares, compared to its average volume of 4,283,286. Bank of Nova Scotia has a 1-year low of C$72.30 and a 1-year high of C$113.57. The firm has a market cap of C$135.65 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 1.33 and a beta of 1.23. The business’s 50 day moving average price is C$102.24 and its 200-day moving average price is C$100.87.

Bank of Nova Scotia (TSE:BNS – Get Free Report) (NYSE:BNS) last announced its quarterly earnings results on Wednesday, May 27th. The bank reported C$2.02 earnings per share (EPS) for the quarter. Bank of Nova Scotia had a return on equity of 10.41% and a net margin of 14.45%.The company had revenue of C$9.85 billion during the quarter. On average, analysts expect that Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.

Bank of Nova Scotia News Roundup

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

Positive Sentiment: The Bank of Nova Scotia reported stronger-than-expected quarterly results, with C$2.02 EPS and C$9.84B in revenue, helped by solid performance in its Canadian and international businesses. Article Title
Positive Sentiment: The bank raised its dividend by 3.6% to C$1.14 and maintained market-based DRIP purchases, a sign of confidence in its capital position and future earnings. Article Title
Positive Sentiment: Scotiabank said foreign investors are showing renewed interest in Canada, which could support future capital flows and broader market sentiment toward the stock. Article Title
Neutral Sentiment: The bank filed routine Form 6-K updates covering capitalization, earnings coverage ratios, and interim control certifications, which appear to be standard disclosure items rather than a new business catalyst. Article Title
Neutral Sentiment: Additional Form 6-K filings highlighted strong earnings coverage ratios for the twelve months ended April 30, 2026, reinforcing balance-sheet strength but not changing the near-term story materially. Article Title

Bank of Nova Scotia Company Profile

(Get Free Report)

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).