Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$137.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target upped by Canadian Imperial Bank of Commerce from C$136.00 to C$137.00 in a report released on Thursday morning,BayStreet reports. The brokerage currently has a neutral rating on the bank’s stock.

Several other research analysts have also weighed in on the company. Keefe, Bruyette & Woods increased their target price on Bank of Nova Scotia from C$148.00 to C$152.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 26th. TD Securities raised Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 25th. Barclays upped their price target on Bank of Nova Scotia from C$110.00 to C$130.00 in a research note on Friday, August 21st. Canaccord Genuity Group raised their price objective on Bank of Nova Scotia from C$121.00 to C$127.00 and gave the stock a “hold” rating in a report on Wednesday, August 26th. Finally, National Bank Financial raised Bank of Nova Scotia from a “hold” rating to an “outperform” rating and lifted their price objective for the company from C$128.00 to C$142.00 in a research note on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$129.50.

Bank of Nova Scotia Stock Performance

Shares of BNS stock opened at C$129.65 on Thursday. Bank of Nova Scotia has a one year low of C$87.31 and a one year high of C$131.72. The company has a 50 day moving average price of C$124.36 and a 200 day moving average price of C$112.03. The firm has a market capitalization of C$158.02 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 1.33 and a beta of 1.27.

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 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. As a group, 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 29th. Shareholders of record on Wednesday, July 29th were given a $1.14 dividend. This represents a $4.56 dividend on an annualized basis and a yield of 3.5%. 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. Bank of Nova Scotia’s dividend 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).