Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$124.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price lifted by TD from C$113.00 to C$124.00 in a report issued on Wednesday,BayStreet.CA reports. They currently have a hold rating on the bank’s stock.

A number of other research analysts also recently issued reports on the company. Desjardins raised their price target on Bank of Nova Scotia from C$115.00 to C$125.00 and gave the stock a “hold” rating in a research note on Wednesday, August 5th. Royal Bank Of Canada boosted their price objective on Bank of Nova Scotia from C$98.00 to C$117.00 and gave the company a “sector perform” rating in a research note on Thursday, May 28th. Canaccord Genuity Group increased their price objective on Bank of Nova Scotia from C$111.00 to C$121.00 and gave the company a “hold” rating in a report on Tuesday, July 7th. Raymond James Financial increased their price objective on Bank of Nova Scotia from C$121.00 to C$137.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Jefferies Financial Group lifted their target price on shares of Bank of Nova Scotia from C$104.00 to C$105.00 in a report on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bank of Nova Scotia has a consensus rating of “Hold” and an average target price of C$117.00.

Bank of Nova Scotia Stock Performance

Shares of BNS stock opened at C$126.98 on Wednesday. The stock’s 50-day moving average is C$122.35 and its two-hundred day moving average is C$109.64. The firm has a market cap of C$154.80 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 1.33 and a beta of 1.30. Bank of Nova Scotia has a 1 year low of C$78.22 and a 1 year high of C$127.00.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its earnings results on Wednesday, May 27th. The bank reported C$2.02 EPS for the quarter. Bank of Nova Scotia had a return on equity of 11.06% and a net margin of 15.64%.The business had revenue of C$9.85 billion for the quarter. As a group, research analysts predict that Bank of Nova Scotia will post 7.1286267 EPS for the current 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 paid a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a dividend yield of 3.6%. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $1.10. The ex-dividend date was Tuesday, July 7th. Bank of Nova Scotia’s payout ratio is currently 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).