Royal Bank Of Canada Raises Bank of Nova Scotia (TSE:BNS) Price Target to C$129.00

Key Points

• Royal Bank of Canada raised Scotiabank’s price target to C$129 from C$117 while maintaining a “Sector Perform” rating, implying roughly 1% downside from the prior close.
• Analyst views remain broadly positive: MarketBeat reports a consensus “Moderate Buy” rating and a C$128.86 target, supported by several recent target increases.
• Scotiabank shares rose 1.2% to C$130.31, near their 52-week high, after the bank reported C$2.28 in quarterly EPS on C$10.54 billion in revenue.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS had its target price upped by research analysts at Royal Bank Of Canada from C$117.00 to C$129.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the bank's stock. Royal Bank Of Canada's price target would indicate a potential downside of 1.01% from the company's previous close.

Other equities analysts also recently issued research reports about the company. Keefe, Bruyette & Woods set a C$148.00 price target on Bank of Nova Scotia and gave the company a "moderate buy" rating in a research note on Friday, August 21st. TD lifted their target price on Bank of Nova Scotia from C$113.00 to C$124.00 and gave the company a "hold" rating in a research report on Wednesday, August 12th. Barclays upped their price target on Bank of Nova Scotia from C$110.00 to C$130.00 in a report on Friday, August 21st. Canaccord Genuity Group increased their price target on Bank of Nova Scotia from C$121.00 to C$127.00 and gave the company a "hold" rating in a research report on Wednesday. Finally, Desjardins upped their target price on shares of Bank of Nova Scotia from C$115.00 to C$125.00 and gave the stock a "hold" rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, Bank of Nova Scotia currently has a consensus rating of "Moderate Buy" and a consensus target price of C$128.86.

Bank of Nova Scotia Stock Up 1.2%

BNS stock traded up C$1.58 during midday trading on Wednesday, reaching C$130.31. 2,769,630 shares of the company's stock traded hands, compared to its average volume of 4,175,932. The firm's fifty day moving average price is C$123.36 and its 200-day moving average price is C$110.70. Bank of Nova Scotia has a 52 week low of C$84.88 and a 52 week high of C$131.72. The company has a market cap of C$158.86 billion, a price-to-earnings ratio of 17.97, a P/E/G ratio of 1.33 and a beta of 1.30.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS last issued its quarterly earnings data on Tuesday, August 25th. The bank reported C$2.28 earnings per share (EPS) for the quarter. The firm had revenue of C$10.54 billion during the quarter. Bank of Nova Scotia had a net margin of 15.64% and a return on equity of 11.06%. Analysts forecast that Bank of Nova Scotia will post 7.1286267 earnings per share for the current year.

Bank of Nova Scotia News Roundup

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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