Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$127.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective raised by Canaccord Genuity Group from C$121.00 to C$127.00 in a research note published on Wednesday morning,BayStreet.CA reports. The firm currently has a hold rating on the bank’s stock.

Other analysts have also recently issued reports about the company. TD Securities raised Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Jefferies Financial Group increased their target price on Bank of Nova Scotia from C$112.00 to C$117.00 and gave the stock a “hold” rating in a research report on Thursday, August 13th. Royal Bank Of Canada raised their target price on Bank of Nova Scotia from C$98.00 to C$117.00 and gave the company a “sector perform” rating in a research note on Thursday, May 28th. Barclays raised their target price on Bank of Nova Scotia from C$110.00 to C$130.00 in a research note on Friday, August 21st. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$128.86.

Bank of Nova Scotia Trading Down 0.4%

TSE:BNS opened at C$128.36 on Wednesday. The company has a 50-day moving average price of C$123.74 and a 200-day moving average price of C$111.18. The stock has a market cap of C$156.45 billion, a price-to-earnings ratio of 17.70, a P/E/G 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 announced its quarterly earnings results on Tuesday, August 25th. The bank reported C$2.28 earnings per share (EPS) for the quarter. Bank of Nova Scotia had a net margin of 14.08% and a return on equity of 11.41%. The company had revenue of C$10.54 billion for the quarter. Equities analysts forecast that Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal year.

Bank of Nova Scotia Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Investors of record on Wednesday, July 29th were paid a dividend of $1.14 per share. The ex-dividend date of this dividend was Tuesday, July 7th. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $1.10. This represents a $4.56 annualized dividend and a yield of 3.6%. Bank of Nova Scotia’s payout ratio is presently 60.69%.

More Bank of Nova Scotia News

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).