Bank of Nova Scotia (TSE:BNS) Hits New 1-Year High on Analyst Upgrade

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS)’s stock price hit a new 52-week high on Wednesday after Jefferies Financial Group raised their price target on the stock from C$104.00 to C$105.00. The company traded as high as C$107.84 and last traded at C$107.79, with a volume of 672809 shares. The stock had previously closed at C$106.33.

BNS has been the subject of a number of other research reports. UBS Group increased their target price on shares of Bank of Nova Scotia from C$118.00 to C$120.00 in a research report on Wednesday, February 25th. TD Securities downgraded shares of Bank of Nova Scotia from a “buy” rating to a “hold” rating and cut their target price for the stock from C$112.00 to C$111.00 in a research report on Tuesday, March 3rd. Canadian Imperial Bank of Commerce increased their target price on shares of Bank of Nova Scotia from C$109.00 to C$116.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Barclays increased their target price on shares of Bank of Nova Scotia from C$106.00 to C$108.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 25th. Finally, TD increased their target price on shares of Bank of Nova Scotia from C$111.00 to C$112.00 and gave the stock a “hold” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, Bank of Nova Scotia has a consensus rating of “Hold” and an average price target of C$107.77.

Bank of Nova Scotia Stock Performance

The business’s 50 day moving average is C$101.02 and its 200-day moving average is C$100.35. The firm has a market capitalization of C$135.64 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 1.33 and a beta of 1.23.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its earnings results on Tuesday, February 24th. The bank reported C$2.05 earnings per share (EPS) for the quarter. Bank of Nova Scotia had a net margin of 14.45% and a return on equity of 10.41%. The business had revenue of C$10.08 billion for the quarter. Equities research analysts forecast that The Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal year.

Bank of Nova Scotia Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Tuesday, April 28th were paid a $1.10 dividend. The ex-dividend date was Tuesday, April 7th. This represents a $4.40 dividend on an annualized basis and a yield of 4.0%. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 64.69%.

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).