TD Issues Pessimistic Forecast for Bank of Nova Scotia (TSE:BNS) Stock Price

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective decreased by TD from C$141.00 to C$140.00 in a report issued on Thursday, BayStreet reports. The firm presently has a “buy” rating on the bank’s stock. TD‘s price target indicates a potential upside of 6.00% from the stock’s previous close.

A number of other brokerages also recently issued reports on BNS. National Bank Financial upgraded Bank of Nova Scotia from a “hold” rating to an “outperform” rating and boosted their price objective for the company from C$128.00 to C$142.00 in a research note on Wednesday, August 26th. Bank of America raised their target price on shares of Bank of Nova Scotia from C$131.00 to C$134.00 in a research note on Wednesday, August 26th. Canadian Imperial Bank of Commerce lifted 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 raised shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 25th. Finally, Barclays upped their price target on shares of Bank of Nova Scotia from C$110.00 to C$130.00 in a research report on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Bank of Nova Scotia has an average rating of “Moderate Buy” and an average price target of C$129.64.

Bank of Nova Scotia Price Performance

Shares of TSE:BNS traded down C$0.77 during midday trading on Thursday, hitting C$132.07. The company had a trading volume of 1,001,060 shares, compared to its average volume of 4,108,585. The company has a fifty day moving average of C$130.02 and a two-hundred day moving average of C$115.62. Bank of Nova Scotia has a 12-month low of C$92.85 and a 12-month high of C$135.40. The company has a market cap of C$160.70 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 1.33 and a beta of 1.14.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its quarterly 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 business had revenue of C$10.54 billion during the quarter. Research analysts expect that Bank of Nova Scotia will post 7.13 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).