The Bank of Nova Scotia (TSE:BNS) Receives Average Rating of “Hold” from Analysts

Shares of The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) have been given a consensus recommendation of “Hold” by the ten ratings firms that are covering the company, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$111.54.

Several brokerages have issued reports on BNS. TD increased their price target on Bank of Nova Scotia from C$112.00 to C$113.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Royal Bank Of Canada lifted 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 report on Thursday, May 28th. Desjardins boosted their price objective on Bank of Nova Scotia from C$108.00 to C$115.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. Raymond James Financial increased their target price on Bank of Nova Scotia from C$120.00 to C$121.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Finally, Jefferies Financial Group raised 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.

Bank of Nova Scotia Stock Down 2.3%

BNS opened at C$122.41 on Tuesday. Bank of Nova Scotia has a 12 month low of C$75.82 and a 12 month high of C$126.87. The company has a fifty day simple moving average of C$116.86 and a 200 day simple moving average of C$106.73. The stock has a market cap of C$150.08 billion, a P/E ratio of 16.88, a P/E/G ratio of 1.33 and a beta of 1.29.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its earnings results on Wednesday, May 27th. The bank reported C$2.02 earnings per share for the quarter. Bank of Nova Scotia had a return on equity of 11.06% and a net margin of 15.64%.The firm had revenue of C$9.85 billion for the quarter. On average, equities research analysts expect 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 will be paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 29th will be given a dividend of $1.14 per share. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $1.10. This represents a $4.56 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, July 7th. Bank of Nova Scotia’s payout ratio is currently 60.69%.

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).