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

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective raised by Raymond James Financial from C$117.00 to C$120.00 in a report released on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the bank’s stock.

BNS has been the subject of a number of other reports. Royal Bank Of Canada dropped their price target 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. UBS Group boosted their price target on Bank of Nova Scotia from C$118.00 to C$120.00 in a report on Wednesday, February 25th. Desjardins boosted their price target on Bank of Nova Scotia from C$107.00 to C$108.00 and gave the company a “hold” rating in a report on Tuesday, May 5th. Barclays raised their price target on shares of Bank of Nova Scotia from C$106.00 to C$108.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 25th. Finally, Canadian Imperial Bank of Commerce lifted their target price on shares of Bank of Nova Scotia from C$108.00 to C$109.00 in a research note on Thursday, March 5th. One analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$107.85.

Bank of Nova Scotia Trading Down 0.0%

TSE BNS opened at C$106.16 on Wednesday. The stock has a market capitalization of C$130.73 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 1.33 and a beta of 1.23. Bank of Nova Scotia has a twelve month low of C$70.49 and a twelve month high of C$107.73. The stock has a 50-day moving average of C$100.23 and a 200 day moving average of C$99.85.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its quarterly earnings data on Tuesday, February 24th. The bank reported C$2.05 earnings per share (EPS) for the quarter. Bank of Nova Scotia had a net margin of 14.45% and a return on equity of 10.41%. The business had revenue of C$10.08 billion for the quarter. Equities analysts predict that Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal year.

Bank of Nova Scotia Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Shareholders of record on Tuesday, April 28th were paid a $1.10 dividend. The ex-dividend date was Tuesday, April 7th. This represents a $4.40 dividend on an annualized basis and a yield of 4.1%. Bank of Nova Scotia’s dividend payout ratio (DPR) is currently 64.69%.

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).