Brokerages Set The Bank of Nova Scotia (TSE:BNS) Target Price at C$111.54

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has earned an average rating of “Hold” from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$111.54.

A number of research analysts have recently commented on the stock. National Bank Financial upped their price objective on shares of Bank of Nova Scotia from C$100.00 to C$106.00 and gave the company a “sector perform” rating in a research note on Friday, May 15th. Royal Bank Of Canada raised their target price 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 research report on Thursday, May 28th. Raymond James Financial boosted their target price on shares of Bank of Nova Scotia from C$120.00 to C$121.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Jefferies Financial Group upped their price target on shares of Bank of Nova Scotia from C$104.00 to C$105.00 in a research report on Wednesday, May 20th. Finally, Canadian Imperial Bank of Commerce increased their price target on shares of Bank of Nova Scotia from C$116.00 to C$122.00 and gave the stock a “neutral” rating in a research note on Thursday, May 28th.

Bank of Nova Scotia Trading Down 0.5%

Bank of Nova Scotia stock opened at C$125.28 on Tuesday. The firm has a market capitalization of C$153.60 billion, a P/E ratio of 17.28, a PEG ratio of 1.33 and a beta of 1.29. The stock has a fifty day moving average price of C$116.52 and a 200 day moving average price of C$106.54. Bank of Nova Scotia has a 52 week low of C$75.40 and a 52 week high of C$126.87.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued 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 firm had revenue of C$9.85 billion for the quarter. As a group, equities analysts predict that Bank of Nova Scotia will post 7.1286267 EPS for the current year.

Bank of Nova Scotia Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 29th will be issued a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, July 7th. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $1.10. Bank of Nova Scotia’s 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).