Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$137.00 at Raymond James Financial

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target lifted by research analysts at Raymond James Financial from C$121.00 to C$137.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the bank’s stock. Raymond James Financial’s price target indicates a potential upside of 9.05% from the stock’s previous close.

A number of other research analysts have also recently weighed in on the company. Canaccord Genuity Group lifted their price objective on Bank of Nova Scotia from C$111.00 to C$121.00 and gave the company a “hold” rating in a research report on Tuesday, July 7th. Canadian Imperial Bank of Commerce increased their target price on shares of Bank of Nova Scotia from C$116.00 to C$122.00 and gave the stock a “neutral” rating in a report on Thursday, May 28th. TD raised their target price on shares of Bank of Nova Scotia from C$112.00 to C$113.00 and gave the stock a “hold” rating in a research note on Thursday, May 28th. Jefferies Financial Group lifted their price target on shares of Bank of Nova Scotia from C$104.00 to C$105.00 in a report on Wednesday, May 20th. Finally, Royal Bank Of Canada upped their price target 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. One research analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$114.38.

Bank of Nova Scotia Trading Up 1.5%

Bank of Nova Scotia stock traded up C$1.82 during trading on Wednesday, reaching C$125.63. The company had a trading volume of 804,014 shares, compared to its average volume of 4,248,164. Bank of Nova Scotia has a 52 week low of C$77.77 and a 52 week high of C$126.87. The firm’s 50-day simple moving average is C$121.50 and its 200 day simple moving average is C$109.18. The firm has a market capitalization of C$153.15 billion, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its earnings results on Wednesday, May 27th. The bank reported C$2.02 earnings per share for the quarter. Bank of Nova Scotia had a return on equity of 11.06% and a net margin of 15.64%.The company had revenue of C$9.85 billion for the quarter. On average, analysts predict that Bank of Nova Scotia will post 7.1286267 earnings per share for the current 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).