Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$136.00

Key Points

• CIBC raised Bank of Nova Scotia’s price target from C$122.00 to C$136.00 while maintaining a “neutral” rating, implying 11.91% potential upside.
• Analyst sentiment remains cautious: one analyst rates the stock a Buy and ten rate it Hold, resulting in a consensus “Hold” rating and average target of C$118.08.
• BNS shares traded at C$121.53 after falling C$3.83, with the bank reporting quarterly earnings of C$2.02 per share and revenue of C$9.85 billion.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS had its target price lifted by equities research analysts at Canadian Imperial Bank of Commerce from C$122.00 to C$136.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage presently has a "neutral" rating on the bank's stock. Canadian Imperial Bank of Commerce's price target would suggest a potential upside of 11.91% from the company's current price.

Several other research firms also recently commented on BNS. Canaccord Genuity Group lifted their price objective on Bank of Nova Scotia from C$111.00 to C$121.00 and gave the stock a "hold" rating in a report on Tuesday, July 7th. Barclays raised their price target 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 report on Thursday, May 28th. Desjardins boosted their price objective on shares of Bank of Nova Scotia from C$115.00 to C$125.00 and gave the company a "hold" rating in a report on Wednesday, August 5th. TD raised their target price on shares of Bank of Nova Scotia from C$113.00 to C$124.00 and gave the stock a "hold" rating in a report on Wednesday, August 12th. Finally, Royal Bank Of Canada lifted their target price on shares of Bank of Nova Scotia from C$98.00 to C$117.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of C$118.08.

Bank of Nova Scotia Price Performance

BNS stock traded down C$3.83 during midday trading on Wednesday, hitting C$121.53. The stock had a trading volume of 1,448,752 shares, compared to its average volume of 4,177,913. The business has a 50-day moving average of C$122.85 and a two-hundred day moving average of C$110.01. The firm has a market cap of C$148.16 billion, a price-to-earnings ratio of 16.76, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30. Bank of Nova Scotia has a 52-week low of C$78.56 and a 52-week high of C$127.63.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS last announced its earnings results on Wednesday, May 27th. The bank reported C$2.02 earnings per share for the quarter. The business 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%. Research analysts predict 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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