Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$117.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target raised by Jefferies Financial Group from C$112.00 to C$117.00 in a report published on Thursday,BayStreet.CA reports. The brokerage currently has a hold rating on the bank’s stock.

Other research analysts have also issued research reports about the stock. Desjardins lifted their price target on shares of Bank of Nova Scotia from C$115.00 to C$125.00 and gave the stock a “hold” rating in a research report on Wednesday, August 5th. Canadian Imperial Bank of Commerce increased 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, May 28th. National Bank Financial raised their price objective on 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. Raymond James Financial lifted their target price on Bank of Nova Scotia from C$121.00 to C$137.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, TD boosted their target price on Bank of Nova Scotia from C$113.00 to C$124.00 and gave the stock a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$117.00.

Bank of Nova Scotia Price Performance

Shares of BNS opened at C$126.98 on Thursday. The firm’s 50 day moving average is C$122.35 and its 200-day moving average is C$109.64. The stock has a market capitalization of C$154.80 billion, a P/E ratio of 17.51, a P/E/G ratio of 1.33 and a beta of 1.30. Bank of Nova Scotia has a 12-month low of C$78.22 and a 12-month high of C$127.00.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its earnings results on Wednesday, May 27th. The bank reported C$2.02 EPS for the quarter. Bank of Nova Scotia had a net margin of 15.64% and a return on equity of 11.06%. The business had revenue of C$9.85 billion for the quarter. As a group, equities research analysts forecast that Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal year.

Bank of Nova Scotia Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 29th were issued a dividend of $1.14 per share. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $1.10. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Tuesday, July 7th. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 60.69%.

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).