Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$120.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target lifted by Jefferies Financial Group from C$119.00 to C$120.00 in a report published on Thursday morning,BayStreet reports.

Several other analysts have also weighed in on BNS. TD raised Bank of Nova Scotia from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$124.00 to C$141.00 in a report on Wednesday, August 26th. TD Securities upgraded Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 25th. Royal Bank Of Canada raised their target price on Bank of Nova Scotia from C$117.00 to C$129.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 26th. Raymond James Financial lifted their price target on shares of Bank of Nova Scotia from C$137.00 to C$139.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. Finally, Canadian Imperial Bank of Commerce boosted their price target on shares of Bank of Nova Scotia from C$136.00 to C$137.00 and gave the company a “neutral” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$129.50.

Bank of Nova Scotia Trading Down 0.9%

Shares of Bank of Nova Scotia stock opened at C$129.65 on Thursday. Bank of Nova Scotia has a 1 year low of C$87.31 and a 1 year high of C$131.72. The company’s fifty day simple moving average is C$124.36 and its 200-day simple moving average is C$112.03. The company has a market cap of C$158.02 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 1.33 and a beta of 1.27.

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

Bank of Nova Scotia Increases Dividend

The firm also recently announced 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. The ex-dividend date was Tuesday, July 7th. This is a boost from Bank of Nova Scotia’s previous quarterly dividend of $1.10. This represents a $4.56 annualized dividend and a dividend yield of 3.5%. Bank of Nova Scotia’s dividend payout ratio (DPR) is currently 58.04%.

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).