Bank of Nova Scotia (TSE:BNS) Given New C$137.00 Price Target at Raymond James Financial

Key Points

• Raymond James raised Bank of Nova Scotia’s price target to C$137 from C$121 and maintained an “outperform” rating, implying approximately 9.05% upside from the reported share price.
• Despite the bullish revision, broader analyst sentiment remains cautious: BNS has an average “Hold” rating and an average price target of C$114.38, based on one Buy and nine Hold ratings.
• BNS shares traded at C$125.63, near their one-year high of C$126.87. In its latest quarter, the bank reported C$2.02 in earnings per share and C$9.85 billion in revenue.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS had its target price boosted by stock analysts at Raymond James Financial from C$121.00 to C$137.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the bank's stock. Raymond James Financial's target price would indicate a potential upside of 9.05% from the stock's current price.

BNS has been the subject of a number of other research reports. TD lifted their target price on Bank of Nova Scotia from C$112.00 to C$113.00 and gave the stock a "hold" rating in a report on Thursday, May 28th. Canadian Imperial Bank of Commerce increased their price objective on Bank of Nova Scotia from C$116.00 to C$122.00 and gave the company a "neutral" rating in a research report on Thursday, May 28th. Royal Bank Of Canada lifted their price objective on Bank of Nova Scotia from C$98.00 to C$117.00 and gave the stock a "sector perform" rating in a report on Thursday, May 28th. Barclays upped their target price on shares of Bank of Nova Scotia from C$108.00 to C$110.00 and gave the company an "equal weight" rating in a research note on Thursday, May 28th. Finally, Canaccord Genuity Group lifted their price target on shares of Bank of Nova Scotia from C$111.00 to C$121.00 and gave the stock a "hold" rating in a research note on Tuesday, July 7th. One research analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, Bank of Nova Scotia presently has an average rating of "Hold" and an average target price of C$114.38.

Bank of Nova Scotia Stock Performance

Shares of BNS traded up C$1.82 on Wednesday, hitting C$125.63. 804,014 shares of the stock traded hands, compared to its average volume of 4,248,164. The company has a market capitalization of C$153.15 billion, a PE ratio of 17.33, a P/E/G ratio of 1.33 and a beta of 1.30. The business has a 50 day simple moving average of C$121.50 and a 200 day simple moving average of C$109.18. Bank of Nova Scotia has a one year low of C$77.77 and a one year high of C$126.87.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS last announced its quarterly earnings data on Wednesday, May 27th. The bank reported C$2.02 earnings per share for the quarter. The company had revenue of C$9.85 billion during the quarter. Bank of Nova Scotia had a net margin of 15.64% and a return on equity of 11.06%. On average, equities analysts expect 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.

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