Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$134.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target lifted by Bank of America from C$131.00 to C$134.00 in a research note released on Wednesday,BayStreet.CA reports.

A number of other equities analysts have also commented on BNS. Jefferies Financial Group raised their price objective on shares of Bank of Nova Scotia from C$112.00 to C$117.00 and gave the company a “hold” rating in a research report on Thursday, August 13th. Keefe, Bruyette & Woods increased their target price on shares of Bank of Nova Scotia from C$148.00 to C$152.00 and gave the stock an “outperform” rating in a research note on Wednesday. Raymond James Financial raised their price target on shares of Bank of Nova Scotia from C$137.00 to C$139.00 and gave the company an “outperform” rating in a report on Wednesday. National Bank Financial upgraded shares of Bank of Nova Scotia from a “hold” rating to an “outperform” rating and boosted their price target for the company from C$128.00 to C$142.00 in a research report on Wednesday. Finally, Barclays upped their price target on shares of Bank of Nova Scotia from C$110.00 to C$130.00 in a report on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$128.86.

Bank of Nova Scotia Stock Performance

Shares of BNS opened at C$128.36 on Wednesday. Bank of Nova Scotia has a 52-week low of C$85.07 and a 52-week high of C$131.72. The stock’s 50-day simple moving average is C$123.74 and its 200 day simple moving average is C$111.18. The stock has a market capitalization of C$156.45 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its earnings results on Tuesday, August 25th. The bank reported C$2.28 earnings per share for the quarter. Bank of Nova Scotia had a return on equity of 11.41% and a net margin of 14.08%.The business had revenue of C$10.54 billion during the quarter. On average, 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 business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Wednesday, July 29th were given a $1.14 dividend. 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 dividend payout ratio (DPR) is currently 60.69%.

Bank of Nova Scotia News Roundup

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

• Positive Sentiment: TD Securities upgraded BNS to “Buy,” signaling increased confidence in the bank’s earnings outlook and potential for further share-price appreciation. Bank of Nova Scotia Upgraded at TD Securities TD Upgrades Bank of Nova Scotia to Buy
• Positive Sentiment: National Bank Financial raised BNS to “Outperform,” while analysts at Keefe, Bruyette & Woods and Raymond James indicated that the stock could rise. These calls reinforce a generally constructive view among financial-sector analysts. BNS Raised to Outperform at National Bank Financial BNS Stock Price Expected to Rise, Keefe Bruyette and Woods BNS Stock Price Expected to Rise, Raymond James
• Positive Sentiment: Royal Bank of Canada, Bank of America and Canaccord Genuity published forecasts calling for strong price appreciation, adding to the evidence that some analysts see upside from current levels. Royal Bank of Canada Forecasts Strong Price Appreciation for BNS Bank of America Forecasts Strong Price Appreciation for BNS Canaccord Genuity Forecasts Strong Price Appreciation for BNS
• Neutral Sentiment: Canaccord Genuity separately assigned BNS a “Hold” rating, indicating that the firm sees balanced risk and reward rather than a clear catalyst for immediate outperformance. Bank of Nova Scotia Gets a Hold from Canaccord Genuity

About Bank of Nova Scotia

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).