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 dropped by equities researchers at Canaccord Genuity Group from C$110.00 to C$108.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the bank’s stock. Canaccord Genuity Group’s price target indicates a potential downside of 0.46% from the company’s current price.

BNS has been the subject of several other research reports. UBS Group raised their price objective on shares of Bank of Nova Scotia from C$118.00 to C$120.00 in a research report on Wednesday, February 25th. TD lifted their target price on Bank of Nova Scotia from C$111.00 to C$112.00 and gave the company a “hold” rating in a research note on Tuesday, May 5th. Jefferies Financial Group boosted their target price on Bank of Nova Scotia from C$97.00 to C$104.00 in a research report on Wednesday, February 11th. Barclays boosted their target price on Bank of Nova Scotia from C$106.00 to C$108.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 25th. Finally, National Bank Financial boosted their target price on Bank of Nova Scotia from C$100.00 to C$106.00 and gave the stock a “sector perform” rating in a research report on Friday, May 15th. One research analyst has rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$107.77.

Bank of Nova Scotia Trading Up 2.0%

BNS stock traded up C$2.17 during trading on Wednesday, hitting C$108.50. 1,766,022 shares of the stock traded hands, compared to its average volume of 4,362,030. Bank of Nova Scotia has a one year low of C$70.49 and a one year high of C$108.59. The stock has a market cap of C$133.61 billion, a price-to-earnings ratio of 16.10, a P/E/G ratio of 1.33 and a beta of 1.23. The company has a 50 day simple moving average of C$100.52 and a 200 day simple moving average of C$100.11.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly 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 firm had revenue of C$10.08 billion during the quarter. As a group, analysts predict that Bank of Nova Scotia will post 7.1286267 earnings per share 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).