Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$120.00

Key Points

• Jefferies raised Bank of Nova Scotia’s price target to C$120 from C$119, implying 8.28% downside from the stock’s current price.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of C$129.50; recent firms issued targets ranging from C$120 to C$152.
• Shares rose 1.3% to C$130.84, near their 52-week high of C$131.72. In its latest quarter, Scotiabank reported C$2.28 earnings per share and C$10.54 billion in revenue.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS had its price objective increased by research analysts at Jefferies Financial Group from C$119.00 to C$120.00 in a note issued to investors on Thursday, BayStreet reports. Jefferies Financial Group's target price would indicate a potential downside of 8.28% from the stock's current price.

BNS has been the topic of a number of other research reports. Keefe, Bruyette & Woods boosted their price target on Bank of Nova Scotia from C$148.00 to C$152.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 26th. Royal Bank Of Canada increased 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 research report on Wednesday, August 26th. Canadian Imperial Bank of Commerce lifted their target price on shares of Bank of Nova Scotia from C$136.00 to C$137.00 and gave the stock a "neutral" rating in a research note on Thursday. TD Securities raised shares of Bank of Nova Scotia from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 25th. Finally, Bank of America upped their price target on shares of Bank of Nova Scotia from C$131.00 to C$134.00 in a research note on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of C$129.50.

Bank of Nova Scotia Stock Up 1.3%

Shares of Bank of Nova Scotia stock traded up C$1.70 during trading on Thursday, reaching C$130.84. The company's stock had a trading volume of 1,103,028 shares, compared to its average volume of 4,155,387. The company has a market cap of C$159.47 billion, a price-to-earnings ratio of 17.10, 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$86.73 and a 1-year high of C$131.72. The company has a 50-day simple moving average of C$124.05 and a two-hundred day simple moving average of C$111.71.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS last announced its earnings results on Tuesday, August 25th. The bank reported C$2.28 earnings per share for the quarter. Bank of Nova Scotia had a return on equity of 11.41% and a net margin of 14.08%.The firm had revenue of C$10.54 billion for the quarter. As a group, analysts anticipate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source