Desjardins Analysts Give Bank of Nova Scotia (TSE:BNS) a C$130.00 Price Target

Desjardins set a C$130.00 price objective on Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) in a report issued on Wednesday,BayStreet reports. The brokerage currently has a hold rating on the bank’s stock.

A number of other research analysts have also recently issued reports on the stock. Bank of America lifted their price objective on shares of Bank of Nova Scotia from C$131.00 to C$134.00 in a research note on Wednesday, August 26th. Canaccord Genuity Group raised their target price on 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. Keefe, Bruyette & Woods raised their target price on Bank of Nova Scotia from C$148.00 to C$152.00 and gave the company an “outperform” rating in a report on Wednesday, August 26th. Jefferies Financial Group lifted their price target on Bank of Nova Scotia from C$112.00 to C$117.00 and gave the company a “hold” rating in a research note on Thursday, August 13th. Finally, Barclays boosted their price target on Bank of Nova Scotia from C$110.00 to C$130.00 in a report on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$129.50.

Bank of Nova Scotia Stock Down 0.9%

BNS opened at C$129.65 on Wednesday. The stock has a market capitalization of C$158.02 billion, a price-to-earnings ratio of 16.95, a P/E/G ratio of 1.33 and a beta of 1.30. Bank of Nova Scotia has a twelve month low of C$87.31 and a twelve month high of C$131.72. The company has a 50-day simple moving average of C$124.36 and a 200 day simple moving average of C$112.03.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its earnings results on Tuesday, August 25th. The bank reported C$2.28 EPS for the quarter. The firm 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%. Sell-side analysts anticipate that Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal year.

Bank of Nova Scotia Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 29th were paid a $1.14 dividend. 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 dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, July 7th. Bank of Nova Scotia’s payout ratio is currently 58.04%.

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).