Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$128.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price lifted by National Bank Financial from C$106.00 to C$128.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the bank’s stock.

Several other research analysts also recently commented on BNS. Canaccord Genuity Group lifted their target price on shares of Bank of Nova Scotia from C$111.00 to C$121.00 and gave the stock a “hold” rating in a report on Tuesday, July 7th. Royal Bank Of Canada upped their price target on shares of Bank of Nova Scotia from C$98.00 to C$117.00 and gave the company a “sector perform” rating in a report on Thursday, May 28th. Jefferies Financial Group raised 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 report on Thursday. TD boosted their price objective on Bank of Nova Scotia from C$113.00 to C$124.00 and gave the stock a “hold” rating in a research report on Wednesday. Finally, Raymond James Financial increased their target price on Bank of Nova Scotia from C$121.00 to C$137.00 and gave the company an “outperform” rating in a research note on Wednesday. One analyst has rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Bank of Nova Scotia has a consensus rating of “Hold” and a consensus target price of C$117.00.

Bank of Nova Scotia Stock Up 0.6%

Shares of BNS stock opened at C$126.98 on Thursday. Bank of Nova Scotia has a 12 month low of C$78.22 and a 12 month high of C$127.00. The company has a market cap of C$154.80 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30. The business’s 50 day moving average is C$122.35 and its two-hundred day moving average is C$109.64.

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

Bank of Nova Scotia Increases Dividend

The business also recently announced 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. This represents a $4.56 annualized dividend and a yield of 3.6%. The ex-dividend date was Tuesday, July 7th. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $1.10. Bank of Nova Scotia’s dividend payout ratio is currently 60.69%.

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).