The Bank of Nova Scotia (TSE:BNS) Receives C$112.31 Average Target Price from Brokerages

Shares of The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) have been given an average rating of “Hold” by the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$114.38.

Several equities research analysts have issued reports on the company. Jefferies Financial Group increased their target price on Bank of Nova Scotia from C$104.00 to C$105.00 in a research report on Wednesday, May 20th. National Bank Financial lifted their price target on Bank of Nova Scotia from C$100.00 to C$106.00 and gave the company a “sector perform” rating in a research report on Friday, May 15th. Royal Bank Of Canada boosted their price objective on Bank of Nova Scotia from C$98.00 to C$117.00 and gave the company a “sector perform” rating in a research note on Thursday, May 28th. Desjardins increased their price objective on Bank of Nova Scotia from C$115.00 to C$125.00 and gave the stock a “hold” rating in a report on Wednesday, August 5th. Finally, TD raised their target price on Bank of Nova Scotia from C$113.00 to C$124.00 and gave the stock a “hold” rating in a research note on Wednesday.

Bank of Nova Scotia Stock Up 1.7%

BNS opened at C$125.95 on Friday. The company has a market capitalization of C$153.54 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 1.33 and a beta of 1.30. The firm has a 50-day moving average price of C$121.79 and a 200-day moving average price of C$109.35. Bank of Nova Scotia has a twelve month low of C$77.77 and a twelve month high of C$126.87.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings results on Wednesday, May 27th. The bank reported C$2.02 EPS for the quarter. The company had revenue of C$9.85 billion for the quarter. Bank of Nova Scotia had a net margin of 15.64% and a return on equity of 11.06%. On average, sell-side analysts expect 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 declared a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 29th were issued a $1.14 dividend. The ex-dividend date of this dividend was Tuesday, July 7th. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $1.10. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.6%. Bank of Nova Scotia’s payout ratio is currently 60.69%.

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).