Bank of Nova Scotia (TSE:BNS) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective upped by equities research analysts at Jefferies Financial Group from C$119.00 to C$120.00 in a research note issued to investors on Thursday, BayStreet reports. Jefferies Financial Group’s price objective would suggest a potential downside of 8.28% from the company’s previous close.

BNS has been the subject of a number of other research reports. Canadian Imperial Bank of Commerce lifted their price objective on Bank of Nova Scotia from C$136.00 to C$137.00 and gave the company a “neutral” rating in a research note on Thursday. Bank of America upped their target price on Bank of Nova Scotia from C$131.00 to C$134.00 in a research note on Wednesday, August 26th. TD raised Bank of Nova Scotia from a “hold” rating to a “buy” rating and raised their target price for the stock from C$124.00 to C$141.00 in a report on Wednesday, August 26th. Canaccord Genuity Group lifted their price target on Bank of Nova Scotia from C$121.00 to C$127.00 and gave the company a “hold” rating in a research report on Wednesday, August 26th. Finally, TD Securities raised Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 25th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Bank of Nova Scotia has an average rating of “Moderate Buy” and an average price target of C$129.50.

Bank of Nova Scotia Stock Up 1.3%

Shares of TSE:BNS traded up C$1.70 during midday trading on Thursday, reaching C$130.84. The company’s stock had a trading volume of 1,103,028 shares, compared to its average volume of 4,155,387. The stock has a fifty day moving average of C$124.05 and a 200 day moving average of C$111.71. Bank of Nova Scotia has a twelve month low of C$86.73 and a twelve month high of C$131.72. The firm has a market capitalization of C$159.47 billion, a PE ratio of 17.10, a P/E/G ratio of 1.33 and a beta of 1.30.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last posted its earnings results on Tuesday, August 25th. The bank reported C$2.28 earnings per share (EPS) 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 during the quarter. Sell-side analysts anticipate that Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.

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).