The Bank of Nova Scotia (TSE:BNS) Stock Has Average Target Price of C$129.50

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has earned an average rating of “Moderate Buy” from the twelve analysts that are currently covering the firm, Marketbeat.com 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 12-month price objective among analysts that have issued a report on the stock in the last year is C$129.50.

A number of research firms have issued reports on BNS. Jefferies Financial Group lifted their target price on shares of Bank of Nova Scotia from C$119.00 to C$120.00 in a research note on Thursday, September 3rd. TD Securities upgraded shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 25th. Royal Bank Of Canada raised their price target on shares of 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. National Bank Financial raised shares of Bank of Nova Scotia from a “hold” rating to an “outperform” rating and lifted their price objective for the company from C$128.00 to C$142.00 in a research note on Wednesday, August 26th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of 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 Nova Scotia Price Performance

Shares of Bank of Nova Scotia stock opened at C$132.27 on Thursday. The firm has a market cap of C$160.95 billion, a price-to-earnings ratio of 17.29, a P/E/G ratio of 1.33 and a beta of 1.21. The stock has a 50-day simple moving average of C$128.72 and a 200-day simple moving average of C$114.12. Bank of Nova Scotia has a 52-week low of C$90.48 and a 52-week high of C$134.50.

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 firm had revenue of C$10.54 billion for the quarter. Bank of Nova Scotia had a return on equity of 11.41% and a net margin of 14.08%. As a group, equities research analysts predict that Bank of Nova Scotia will post 7.13 earnings per share for the current year.

Bank of Nova Scotia Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 28th. Shareholders of record on Wednesday, October 28th were issued a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 3.4%. The ex-dividend date was Tuesday, October 6th. Bank of Nova Scotia’s dividend payout ratio (DPR) is 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).