Bank of Nova Scotia (TSE:BNS) Raised to Strong-Buy at TD Securities

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) was upgraded by stock analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other research analysts have also weighed in on the company. Jefferies Financial Group lifted their target price on Bank of Nova Scotia from C$112.00 to C$117.00 and gave the company a “hold” rating in a report on Thursday, August 13th. Canadian Imperial Bank of Commerce upped their target price on shares of Bank of Nova Scotia from C$122.00 to C$136.00 and gave the stock a “neutral” rating in a report on Wednesday, August 19th. Keefe, Bruyette & Woods set a C$148.00 target price on shares of Bank of Nova Scotia and gave the stock a “moderate buy” rating in a research note on Friday, August 21st. Canaccord Genuity Group raised their price target on shares of Bank of Nova Scotia from C$111.00 to C$121.00 and gave the company a “hold” rating in a report on Tuesday, July 7th. Finally, Royal Bank Of Canada boosted their price target on shares of Bank of Nova Scotia from C$98.00 to C$117.00 and gave the company a “sector perform” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Bank of Nova Scotia has an average rating of “Hold” and an average price target of C$121.64.

Bank of Nova Scotia Price Performance

Shares of BNS stock opened at C$128.73 on Tuesday. The stock has a market capitalization of C$156.93 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 1.33 and a beta of 1.30. The company’s fifty day simple moving average is C$123.36 and its two-hundred day simple moving average is C$110.70. Bank of Nova Scotia has a 1 year low of C$81.44 and a 1 year high of C$129.25.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last announced its quarterly earnings results on Tuesday, August 25th. The bank reported C$2.28 earnings per share for the quarter. Bank of Nova Scotia had a return on equity of 11.06% and a net margin of 15.64%.The company had revenue of C$10.54 billion during the quarter. Equities research analysts anticipate that Bank of Nova Scotia will post 7.1286267 EPS for the current 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).