Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$129.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective increased by Royal Bank Of Canada from C$117.00 to C$129.00 in a research report report published on Wednesday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the bank’s stock.

Several other research analysts have also issued reports on the company. Jefferies Financial Group boosted their target price on 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. TD increased their price target on Bank of Nova Scotia from C$113.00 to C$124.00 and gave the stock a “hold” rating in a report on Wednesday, August 12th. Canaccord Genuity Group raised their price target on Bank of Nova Scotia from C$121.00 to C$127.00 and gave the stock a “hold” rating in a research note on Wednesday. National Bank Financial set a C$128.00 price target on Bank of Nova Scotia and gave the stock a “sector perform” rating in a research note on Monday, August 24th. Finally, Keefe, Bruyette & Woods set a C$148.00 price objective on Bank of Nova Scotia and gave the company a “moderate buy” rating in a report on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$128.86.

Bank of Nova Scotia Trading Down 0.4%

Bank of Nova Scotia stock opened at C$128.36 on Wednesday. The firm has a 50-day moving average price of C$123.74 and a 200-day moving average price of C$111.18. The firm has a market capitalization of C$156.45 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30. Bank of Nova Scotia has a 12-month low of C$85.07 and a 12-month high of C$131.72.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its quarterly earnings results on Tuesday, August 25th. The bank reported C$2.28 EPS for the quarter. The company had revenue of C$10.54 billion for the quarter. Bank of Nova Scotia had a net margin of 14.08% and a return on equity of 11.41%. As a group, sell-side analysts predict 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 issued a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Tuesday, July 7th. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $1.10. Bank of Nova Scotia’s dividend payout ratio (DPR) is 60.69%.

Bank of Nova Scotia News Summary

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

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).