Bank of Nova Scotia (TSE:BNS) Stock Gets Price Target Cut from TD

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target decreased by equities research analysts at TD from C$141.00 to C$140.00 in a research report issued to clients and investors on Thursday, BayStreet reports. The firm currently has a “buy” rating on the bank’s stock. TD‘s target price would suggest a potential upside of 6.00% from the stock’s current price.

Several other brokerages also recently commented on BNS. Keefe, Bruyette & Woods increased their target price on Bank of Nova Scotia from C$148.00 to C$152.00 and gave the company an “outperform” rating in a research note on Wednesday, August 26th. Canadian Imperial Bank of Commerce raised their price target on shares of 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. TD Securities upgraded shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 25th. Raymond James Financial lifted their price target on shares of Bank of Nova Scotia from C$137.00 to C$139.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. Finally, Royal Bank Of Canada boosted their price objective on shares of Bank of Nova Scotia from C$117.00 to C$129.00 and gave the company a “sector perform” rating in a report on Wednesday, August 26th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$129.64.

Bank of Nova Scotia Trading Down 0.6%

TSE:BNS traded down C$0.77 during trading hours on Thursday, reaching C$132.07. 1,001,060 shares of the company traded hands, compared to its average volume of 4,108,585. The business’s 50-day moving average price is C$130.02 and its two-hundred day moving average price is C$115.62. Bank of Nova Scotia has a 1 year low of C$92.85 and a 1 year high of C$135.40. The stock has a market capitalization of C$160.70 billion, a P/E ratio of 17.26, a P/E/G ratio of 1.33 and a beta of 1.14.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its earnings results on Tuesday, August 25th. The bank reported C$2.28 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. As a group, equities analysts anticipate that Bank of Nova Scotia will post 7.13 EPS 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).