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 target dropped by investment analysts at Canaccord Genuity Group from C$112.00 to C$111.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has a “hold” rating on the bank’s stock. Canaccord Genuity Group’s target price suggests a potential downside of 1.42% from the company’s current price.

Several other equities analysts have also recently issued reports on BNS. Desjardins lifted their price target on Bank of Nova Scotia from C$108.00 to C$115.00 and gave the company a “hold” rating in a research report on Thursday, May 28th. TD lifted their target price on Bank of Nova Scotia from C$112.00 to C$113.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. Barclays lifted their target price on Bank of Nova Scotia from C$108.00 to C$110.00 and gave the stock an “equal weight” rating in a report on Thursday, May 28th. Royal Bank Of Canada lifted their target price on Bank of Nova Scotia from C$98.00 to C$117.00 and gave the stock a “sector perform” rating in a report on Thursday, May 28th. Finally, BMO Capital Markets lifted their target price on Bank of Nova Scotia from C$98.00 to C$101.00 and gave the stock a “market perform” rating in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Bank of Nova Scotia has an average rating of “Hold” and an average target price of C$110.77.

Bank of Nova Scotia Stock Performance

Shares of BNS stock traded down C$0.51 during mid-day trading on Friday, hitting C$112.60. 994,720 shares of the stock traded hands, compared to its average volume of 4,235,607. Bank of Nova Scotia has a twelve month low of C$73.40 and a twelve month high of C$113.57. The firm has a market cap of C$138.06 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 1.33 and a beta of 1.23. The company’s 50-day simple moving average is C$104.14 and its 200-day simple moving average is C$101.58.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its quarterly earnings results on Wednesday, May 27th. The bank reported C$2.02 earnings per share (EPS) 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$9.85 billion for the quarter. Analysts forecast that Bank of Nova Scotia will post 7.1286267 earnings per share 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).