The Bank of Nova Scotia (TSE:BNS) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Bank of Nova Scotia has a “Moderate Buy” consensus rating from 12 analysts: seven recommend holding the stock, four recommend buying it, and one gives it a strong-buy rating. The average 12-month price target is C$128.86.
• The bank reported quarterly EPS of C$2.28 on revenue of C$10.54 billion, with an 11.41% return on equity and a 14.08% net margin.
• Scotiabank increased its quarterly dividend to $1.14 per share, equal to an annualized $4.56 and a 3.6% yield; its payout ratio is 58.04%.

Shares of The Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS have been given a consensus rating of "Moderate Buy" by the twelve analysts that are currently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$128.86.

A number of equities analysts have weighed in on the company. TD raised Bank of Nova Scotia from a "hold" rating to a "buy" rating and boosted their target price for the stock from C$124.00 to C$141.00 in a research report on Wednesday, August 26th. Barclays lifted their price target on shares of Bank of Nova Scotia from C$110.00 to C$130.00 in a research note on Friday, August 21st. Canadian Imperial Bank of Commerce boosted their price objective on shares of Bank of Nova Scotia from C$122.00 to C$136.00 and gave the company a "neutral" rating in a report on Wednesday, August 19th. Desjardins increased 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 research report on Wednesday, August 5th. Finally, Bank of America increased their price objective on shares of Bank of Nova Scotia from C$131.00 to C$134.00 in a research report on Wednesday, August 26th.

Bank of Nova Scotia Trading Down 0.1%

Bank of Nova Scotia stock opened at C$126.76 on Wednesday. Bank of Nova Scotia has a 12 month low of C$85.07 and a 12 month high of C$131.72. The stock has a fifty day simple moving average of C$123.89 and a two-hundred day simple moving average of C$111.53. The firm has a market cap of C$154.50 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 1.33 and a beta of 1.30.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS last announced its quarterly 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 return on equity of 11.41% and a net margin of 14.08%.The firm had revenue of C$10.54 billion for the quarter. On average, equities research analysts forecast that Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal year.

Bank of Nova Scotia Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Wednesday, July 29th were issued a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, July 7th. This is a positive change from Bank of Nova Scotia's previous quarterly dividend of $1.10. Bank of Nova Scotia's payout ratio is currently 58.04%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source