Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$117.00 at Jefferies Financial Group

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target increased by equities researchers at Jefferies Financial Group from C$112.00 to C$117.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “hold” rating on the bank’s stock. Jefferies Financial Group’s price target would suggest a potential downside of 7.58% from the company’s previous close.

BNS has been the topic of several other reports. Raymond James Financial increased their target price on Bank of Nova Scotia from C$121.00 to C$137.00 and gave the stock an “outperform” rating in a research report on Wednesday. Desjardins boosted their price target on shares of Bank of Nova Scotia from C$115.00 to C$125.00 and gave the company a “hold” rating in a report on Wednesday, August 5th. Barclays upped their price target on shares of Bank of Nova Scotia from C$108.00 to C$110.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. Royal Bank Of Canada increased their price objective on shares of Bank of Nova Scotia from C$98.00 to C$117.00 and gave the stock a “sector perform” rating in a report on Thursday, May 28th. Finally, TD boosted their target price on shares of Bank of Nova Scotia from C$113.00 to C$124.00 and gave the company a “hold” rating in a research note on Wednesday. One analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Bank of Nova Scotia presently has an average rating of “Hold” and a consensus target price of C$117.00.

Bank of Nova Scotia Stock Performance

Shares of Bank of Nova Scotia stock traded up C$0.65 on Thursday, reaching C$126.60. 680,920 shares of the company were exchanged, compared to its average volume of 4,234,299. The company’s 50-day moving average is C$121.79 and its two-hundred day moving average is C$109.35. The firm has a market cap of C$154.34 billion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 1.33 and a beta of 1.30. Bank of Nova Scotia has a 1-year low of C$77.77 and a 1-year high of C$126.87.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings results on Wednesday, May 27th. The bank reported C$2.02 earnings per share (EPS) for the quarter. Bank of Nova Scotia had a return on equity of 11.06% and a net margin of 15.64%.The business had revenue of C$9.85 billion for the quarter. As a group, sell-side analysts forecast that Bank of Nova Scotia will post 7.1286267 earnings per share for the current year.

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).