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

Key Points

• Canadian Imperial Bank of Commerce raised Bank of Nova Scotia’s price target to C$137 from C$136 while maintaining a neutral rating, implying 4.71% potential upside from the previous close.
• Analyst sentiment is broadly positive, with the stock carrying a consensus “Moderate Buy” rating and an average price target of C$129.50; National Bank Financial upgraded it to outperform with a C$142 target.
• Bank of Nova Scotia shares rose 1.3% to C$130.84, near their 52-week high, after the bank reported quarterly EPS of C$2.28 and revenue of C$10.54 billion.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS had its price target upped by equities researchers at Canadian Imperial Bank of Commerce from C$136.00 to C$137.00 in a research note issued to investors on Thursday, BayStreet reports. The firm currently has a "neutral" rating on the bank's stock. Canadian Imperial Bank of Commerce's price target suggests a potential upside of 4.71% from the stock's previous close.

A number of other brokerages have also recently commented on BNS. Desjardins set a C$130.00 price target on shares of Bank of Nova Scotia and gave the company a "hold" rating in a research report on Wednesday. Bank of America lifted their price objective on Bank of Nova Scotia from C$131.00 to C$134.00 in a research report on Wednesday, August 26th. National Bank Financial raised Bank of Nova Scotia from a "hold" rating to an "outperform" rating and boosted their price objective for the company from C$128.00 to C$142.00 in a research note on Wednesday, August 26th. Barclays upped their target price on Bank of Nova Scotia from C$110.00 to C$130.00 in a research report on Friday, August 21st. Finally, Raymond James Financial raised their target price on Bank of Nova Scotia from C$137.00 to C$139.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$129.50.

Bank of Nova Scotia Trading Up 1.3%

TSE:BNS traded up C$1.70 on Thursday, reaching C$130.84. 1,103,028 shares of the stock traded hands, compared to its average volume of 4,155,387. Bank of Nova Scotia has a 1-year low of C$86.73 and a 1-year high of C$131.72. The company's 50 day moving average is C$124.05 and its 200-day moving average is C$111.71. The firm has a market capitalization of C$159.47 billion, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS last posted its quarterly earnings data on Tuesday, August 25th. The bank reported C$2.28 EPS for the quarter. Bank of Nova Scotia had a net margin of 14.08% and a return on equity of 11.41%. The company had revenue of C$10.54 billion for the quarter. On average, equities research analysts forecast that Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal year.

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.

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