The Bank of Nova Scotia (TSE:BNS) Receives C$128.86 Average Target Price from Brokerages

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$129.50.

BNS has been the subject of a number of research analyst reports. National Bank Financial raised shares of Bank of Nova Scotia from a “hold” rating to an “outperform” rating and increased their price objective for the company from C$128.00 to C$142.00 in a report on Wednesday, August 26th. Royal Bank Of Canada boosted their target price on shares of Bank of Nova Scotia from C$117.00 to C$129.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 26th. Canaccord Genuity Group raised their target price on shares of Bank of Nova Scotia from C$121.00 to C$127.00 and gave the company a “hold” rating in a research note on Wednesday, August 26th. Barclays lifted their price target on shares of Bank of Nova Scotia from C$110.00 to C$130.00 in a report on Friday, August 21st. Finally, Jefferies Financial Group boosted their price target on shares of Bank of Nova Scotia from C$119.00 to C$120.00 in a research note on Thursday.

Bank of Nova Scotia Price Performance

Shares of TSE:BNS opened at C$129.65 on Wednesday. The company has a market capitalization of C$158.02 billion, a P/E ratio of 16.95, a P/E/G ratio of 1.33 and a beta of 1.30. Bank of Nova Scotia has a 1-year low of C$87.31 and a 1-year high of C$131.72. The firm’s 50 day simple moving average is C$124.36 and its two-hundred day simple moving average is C$112.03.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings data 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 firm had revenue of C$10.54 billion during the quarter. On average, sell-side analysts anticipate that Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.

Bank of Nova Scotia Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 29th were issued a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 3.5%. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Tuesday, July 7th. Bank of Nova Scotia’s payout ratio is presently 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).