Canaccord Genuity Group Has Lowered Expectations for Bank of Nova Scotia (TSE:BNS) Stock Price

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective lowered by stock analysts at Canaccord Genuity Group from C$110.00 to C$108.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the bank’s stock. Canaccord Genuity Group’s price target would suggest a potential downside of 0.46% from the company’s current price.

Several other brokerages have also commented on BNS. Raymond James Financial increased their price target on shares of Bank of Nova Scotia from C$117.00 to C$120.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Barclays increased their price target on shares of Bank of Nova Scotia from C$106.00 to C$108.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 25th. TD increased their price target on shares of Bank of Nova Scotia from C$111.00 to C$112.00 and gave the stock a “hold” rating in a research note on Tuesday, May 5th. Desjardins increased their price target on shares of Bank of Nova Scotia from C$107.00 to C$108.00 and gave the stock a “hold” rating in a research note on Tuesday, May 5th. Finally, Royal Bank Of Canada dropped their price target on shares of Bank of Nova Scotia from C$106.00 to C$98.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$107.77.

Bank of Nova Scotia Stock Performance

Shares of TSE:BNS traded up C$2.17 during mid-day trading on Wednesday, hitting C$108.50. The stock had a trading volume of 1,766,022 shares, compared to its average volume of 4,362,030. The company has a market cap of C$133.61 billion, a PE ratio of 16.10, a P/E/G ratio of 1.33 and a beta of 1.23. The company’s 50 day moving average is C$100.52 and its 200-day moving average is C$100.11. Bank of Nova Scotia has a 12-month low of C$70.49 and a 12-month high of C$108.59.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its earnings results on Tuesday, February 24th. The bank reported C$2.05 earnings per share (EPS) for the quarter. Bank of Nova Scotia had a net margin of 14.45% and a return on equity of 10.41%. The company had revenue of C$10.08 billion during the quarter. On average, equities research analysts predict that Bank of Nova Scotia will post 7.1286267 EPS for the current fiscal year.

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).