Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$79.00 at Desjardins

Key Points

• Desjardins raised its price target for Bank of Nova Scotia from C$77.00 to C$79.00, maintaining a "hold" rating and indicating a potential upside of 1.35% from the previous close.
• Other analysts, including Jefferies and TD Securities, also adjusted their price targets, reflecting a range of ratings from "hold" to "buy."
• The current average price target for the stock is C$78.29, with most analysts rating it as "hold," while one analyst has given it a "strong buy" rating.

Bank of Nova Scotia (TSE:BNS - Free Report) NYSE: BNS had its price target raised by Desjardins from C$77.00 to C$79.00 in a report released on Wednesday,BayStreet.CA reports. Desjardins currently has a hold rating on the bank's stock. Desjardins also issued estimates for Bank of Nova Scotia's Q3 2025 earnings at $1.72 EPS and FY2026 earnings at $7.80 EPS.

Other research analysts also recently issued reports about the company. UBS Group reduced their price objective on Bank of Nova Scotia from C$85.00 to C$78.00 in a report on Thursday, May 22nd. CIBC lifted their price objective on Bank of Nova Scotia from C$75.00 to C$77.00 in a report on Thursday, May 22nd. Royal Bank Of Canada lowered their price objective on shares of Bank of Nova Scotia from C$81.00 to C$80.00 and set a "sector perform" rating for the company in a research note on Monday, June 9th. Barclays cut their target price on shares of Bank of Nova Scotia from C$81.00 to C$78.00 and set an "equal weight" rating on the stock in a research report on Monday, June 9th. Finally, Jefferies Financial Group upped their price target on shares of Bank of Nova Scotia from C$70.00 to C$75.00 and gave the stock a "hold" rating in a research report on Wednesday, May 28th. Ten investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Bank of Nova Scotia presently has a consensus rating of "Hold" and a consensus target price of C$78.57.

Bank of Nova Scotia Price Performance

Shares of TSE:BNS traded up C$0.06 during trading on Wednesday, reaching C$78.53. 2,265,399 shares of the company were exchanged, compared to its average volume of 4,756,400. The business's fifty day simple moving average is C$75.80 and its 200-day simple moving average is C$71.90. Bank of Nova Scotia has a 12-month low of C$62.57 and a 12-month high of C$80.14. The firm has a market capitalization of C$96.23 billion, a PE ratio of 12.41, a P/E/G ratio of 1.33 and a beta of 0.97.

Bank of Nova Scotia Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 29th. Stockholders of record on Tuesday, July 29th were issued a dividend of $1.10 per share. The ex-dividend date was Wednesday, July 2nd. This represents a $4.40 annualized dividend and a dividend yield of 5.6%. This is a boost from Bank of Nova Scotia's previous quarterly dividend of $1.06. Bank of Nova Scotia's dividend payout ratio (DPR) is currently 67.00%.

Bank of Nova Scotia Company Profile

Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.