Bank of Nova Scotia (TSE:BNS) Stock Gets Price Target Boost from Desjardins

Key Points

• Desjardins raised its price target on Bank of Nova Scotia from C$130 to C$133, while maintaining a “hold” rating; the target implies about 0.01% downside from the reported share price.
• Analyst views are mixed: MarketBeat reports a “Moderate Buy” consensus and a C$129.71 average target, with one Strong Buy, four Buy, and seven Hold ratings.
• Shares traded at C$133.01 on Wednesday. For its latest reported quarter, the bank posted C$2.28 in earnings per share and C$10.54 billion in revenue.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS had its target price lifted by analysts at Desjardins from C$130.00 to C$133.00 in a research note issued to investors on Wednesday, BayStreet reports. The firm presently has a "hold" rating on the bank's stock. Desjardins's target price would indicate a potential downside of 0.01% from the stock's current price.

A number of other analysts have also weighed in on the company. Bank of America upped their price objective on Bank of Nova Scotia from C$131.00 to C$134.00 in a research report on Wednesday, August 26th. TD upgraded 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 note on Wednesday, August 26th. Keefe, Bruyette & Woods lifted their target price on Bank of Nova Scotia from C$148.00 to C$152.00 and gave the company an "outperform" rating in a report on Wednesday, August 26th. Canadian Imperial Bank of Commerce boosted their target price on 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, September 3rd. Finally, Royal Bank Of Canada upped their price target on Bank of Nova Scotia from C$117.00 to C$129.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Bank of Nova Scotia currently has an average rating of "Moderate Buy" and a consensus target price of C$129.71.

Bank of Nova Scotia Price Performance

Shares of BNS stock traded up C$1.65 during trading on Wednesday, reaching C$133.01. The company's stock had a trading volume of 1,216,961 shares, compared to its average volume of 4,116,787. The company has a market capitalization of C$161.85 billion, a price-to-earnings ratio of 17.39, a P/E/G ratio of 1.33 and a beta of 1.14. The stock's 50-day moving average price is C$129.90 and its 200 day moving average price is C$115.47. Bank of Nova Scotia has a 1-year low of C$92.85 and a 1-year high of C$135.40.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS last released its earnings results on Tuesday, August 25th. The bank reported C$2.28 earnings per share (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, sell-side analysts anticipate that Bank of Nova Scotia will post 7.13 EPS for the current fiscal 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.

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