Bank of Nova Scotia (TSE:BNS) Given New C$152.00 Price Target at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods raised Bank of Nova Scotia’s price target from C$148 to C$152 and maintained an “outperform” rating, implying 16.64% potential upside from the prior close.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and average price target of C$128.86; TD also upgraded the stock to “buy,” while several other firms maintained “hold” or “sector perform” ratings.
• BNS shares recently traded at C$130.31, near their 52-week high of C$131.72. The bank reported quarterly EPS of C$2.28 on C$10.54 billion in revenue, with an 11.06% return on equity and a 15.64% net margin.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS had its price target boosted by analysts at Keefe, Bruyette & Woods from C$148.00 to C$152.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the bank's stock. Keefe, Bruyette & Woods' target price would indicate a potential upside of 16.64% from the stock's previous close.

BNS has been the subject of a number of other research reports. Jefferies Financial Group boosted their target price on Bank of Nova Scotia from C$112.00 to C$117.00 and gave the stock a "hold" rating in a research report on Thursday, August 13th. Canaccord Genuity Group lifted their price target on shares of Bank of Nova Scotia from C$121.00 to C$127.00 and gave the stock a "hold" rating in a research note on Wednesday. Royal Bank Of Canada boosted their price objective 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. TD upgraded shares of Bank of Nova Scotia from a "hold" rating to a "buy" rating and increased their price objective for the company from C$124.00 to C$141.00 in a research report on Wednesday. Finally, Raymond James Financial raised their target price on shares of Bank of Nova Scotia from C$137.00 to C$139.00 and gave the stock an "outperform" rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$128.86.

Bank of Nova Scotia Stock Performance

Shares of BNS stock traded up C$1.58 during mid-day trading on Wednesday, hitting C$130.31. The company's stock had a trading volume of 2,769,630 shares, compared to its average volume of 4,175,932. Bank of Nova Scotia has a 52-week low of C$84.88 and a 52-week high of C$131.72. The business has a 50-day moving average price of C$123.36 and a 200 day moving average price of C$110.70. The stock has a market cap of C$158.86 billion, a price-to-earnings ratio of 17.97, a PEG ratio of 1.33 and a beta of 1.30.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS last released its quarterly earnings data on Tuesday, August 25th. The bank reported C$2.28 EPS 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$10.54 billion for the quarter. Equities research analysts predict that Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal year.

Key Stories Impacting Bank of Nova Scotia

Here are the key news stories impacting Bank of Nova Scotia this week:

• Positive Sentiment: Record quarterly performance: Canadian Banking, Global Wealth Management, and Global Banking and Markets all delivered strong results. Margin expansion, fee growth, and stronger underwriting and advisory activity helped drive the earnings beat. BMO, Scotiabank top estimates as capital-markets units surge
• Positive Sentiment: Analyst upgrades support sentiment: National Bank upgraded Scotiabank to “Outperform,” arguing that the shares offer more than a value opportunity, while TD Securities raised its rating from “Hold” to “Strong Buy.” Scotiabank upgraded to Outperform at National Bank
• Positive Sentiment: Capital returns and balance sheet remain supportive: BNS reported a 13.1% CET1 ratio, repurchased 8.6 million shares during the quarter, and said it had returned C$6.3 billion to shareholders year to date through dividends and buybacks. Why Bank of Nova Scotia Stock Is Up Today
• Neutral Sentiment: Trade uncertainty remains a risk: BNS and BMO cautioned that tariff and trade disruptions could weigh on business activity, although companies appear to be adapting relatively well. BMO, Scotia signal caution, but say businesses adapting well to trade unrest
• Negative Sentiment: One valuation signal is less bullish: National Bank Financial assigned a C$128 price target with a “Sector Perform” rating, slightly below the recent trading level, suggesting limited near-term upside under that view. Bank of Nova Scotia Given a C$128 Price Target

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.

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