The Bank of Nova Scotia (BNS.TO) - What Are Analysts Saying About This Stock?

Key Points

• Analysts have a “Moderate Buy” consensus on Bank of Nova Scotia, with four buy ratings, one strong-buy rating, and seven holds. The average 12-month price target is C$129.50.
• Recent analyst actions were generally positive: TD upgraded the stock to buy and raised its target to C$141, while other firms lifted targets to between C$127 and C$137.
• The bank reported quarterly EPS of C$2.28 on C$10.54 billion in revenue and announced a quarterly dividend of $1.14 per share, equivalent to a 3.5% annualized yield.

The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS has been assigned a consensus rating of "Moderate Buy" from the twelve analysts that are covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$129.50.

BNS has been the subject of a number of research analyst reports. TD upgraded Bank of Nova Scotia from a "hold" rating to a "buy" rating and raised their target price for the stock from C$124.00 to C$141.00 in a research note on Wednesday, August 26th. Canaccord Genuity Group lifted their price target on Bank of Nova Scotia from C$121.00 to C$127.00 and gave the stock a "hold" rating in a research report on Wednesday, August 26th. TD Securities upgraded Bank of Nova Scotia from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 25th. Bank of America boosted their price target on Bank of Nova Scotia from C$131.00 to C$134.00 in a research note on Wednesday, August 26th. Finally, Canadian Imperial Bank of Commerce increased their price objective on Bank of Nova Scotia from C$136.00 to C$137.00 and gave the company a "neutral" rating in a report on Thursday, September 3rd.

Bank of Nova Scotia Trading Up 1.6%

TSE BNS opened at C$131.90 on Thursday. The company has a fifty day simple moving average of C$128.30 and a two-hundred day simple moving average of C$119.21. The stock has a market cap of C$160.50 billion, a P/E ratio of 17.24, a P/E/G ratio of 1.33 and a beta of 1.21. Bank of Nova Scotia has a 12-month low of C$89.63 and a 12-month high of C$134.50.

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. The business had revenue of C$10.54 billion during the quarter. Bank of Nova Scotia had a net margin of 14.08% and a return on equity of 11.41%. As a group, sell-side analysts forecast that Bank of Nova Scotia will post 7.13 earnings per share for the current year.

Bank of Nova Scotia Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Wednesday, October 28th will be issued a dividend of $1.14 per share. The ex-dividend date of this dividend is Tuesday, October 6th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.5%. Bank of Nova Scotia's payout ratio is 58.04%.

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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