Bank of Nova Scotia (TSE:BNS) Given New C$133.00 Price Target at Desjardins

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price increased by analysts at Desjardins from C$130.00 to C$133.00 in a research note issued on Wednesday, BayStreet reports. The brokerage currently has a “hold” rating on the bank’s stock. Desjardins‘s price objective suggests a potential downside of 0.01% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Jefferies Financial Group increased their price target on shares of Bank of Nova Scotia from C$119.00 to C$120.00 in a research note on Thursday, September 3rd. TD upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$124.00 to C$141.00 in a research report on Wednesday, August 26th. Canaccord Genuity Group upped their target price on shares of Bank of Nova Scotia from C$121.00 to C$127.00 and gave the company a “hold” rating in a report on Wednesday, August 26th. Raymond James Financial upped their target price 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, August 26th. Finally, Canadian Imperial Bank of Commerce increased their target price on shares of Bank of Nova Scotia from C$136.00 to C$137.00 and gave the company a “neutral” rating in a research report on Thursday, September 3rd. One equities research 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 MarketBeat, Bank of Nova Scotia presently has a consensus rating of “Moderate Buy” and an average price target of C$129.71.

Bank of Nova Scotia Price Performance

Shares of BNS traded up C$1.65 during mid-day trading on Wednesday, reaching C$133.01. The company’s stock had a trading volume of 1,216,961 shares, compared to its average volume of 4,116,787. Bank of Nova Scotia has a 12-month low of C$92.85 and a 12-month high of C$135.40. The stock has a market cap of C$161.85 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. The company’s 50 day moving average is C$129.90 and its 200 day moving average is C$115.47.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its earnings results on Tuesday, August 25th. The bank reported C$2.28 earnings per share for the quarter. The business had revenue of C$10.54 billion for the quarter. Bank of Nova Scotia had a return on equity of 11.41% and a net margin of 14.08%. As a group, sell-side analysts anticipate that Bank of Nova Scotia will post 7.13 EPS for the current fiscal year.

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).