Brokerages Set The Bank of Nova Scotia (TSE:BNS) Price Target at C$128.86

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has earned an average recommendation of “Moderate Buy” from the twelve analysts that are presently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$129.50.

A number of research analysts have issued reports on the company. Royal Bank Of Canada boosted their price target on Bank of Nova Scotia from C$117.00 to C$129.00 and gave the company a “sector perform” rating in a report on Wednesday, August 26th. Keefe, Bruyette & Woods lifted their price objective on Bank of Nova Scotia from C$148.00 to C$152.00 and gave the stock an “outperform” rating in a report on Wednesday, August 26th. Bank of America lifted their target price on shares of Bank of Nova Scotia from C$131.00 to C$134.00 in a research note on Wednesday, August 26th. TD Securities raised shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 25th. Finally, National Bank Financial upgraded shares of Bank of Nova Scotia from a “hold” rating to an “outperform” rating and increased their target price for the company from C$128.00 to C$142.00 in a research report on Wednesday, August 26th.

Bank of Nova Scotia Stock Down 1.3%

Shares of TSE:BNS opened at C$128.00 on Wednesday. Bank of Nova Scotia has a 52-week low of C$87.38 and a 52-week high of C$131.72. The stock has a market cap of C$156.01 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 1.33 and a beta of 1.27. The business has a 50-day moving average price of C$124.58 and a 200-day moving average price of C$112.44.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings data on Tuesday, August 25th. The bank reported C$2.28 EPS for the quarter. The business 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%. As a group, equities analysts anticipate that Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal year.

Bank of Nova Scotia Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $4.56 annualized dividend and a yield of 3.6%. This is a boost from Bank of Nova Scotia’s previous quarterly dividend of $1.10. Bank of Nova Scotia’s dividend payout ratio is currently 58.04%.

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).