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 lowered by research analysts at Canaccord Genuity Group from C$112.00 to C$111.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the bank’s stock. Canaccord Genuity Group’s price target suggests a potential downside of 1.42% from the company’s previous close.

BNS has been the topic of a number of other research reports. Barclays increased 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. Desjardins increased their target price on Bank of Nova Scotia from C$108.00 to C$115.00 and gave the stock a “hold” rating in a report on Thursday, May 28th. BMO Capital Markets increased 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. TD Securities downgraded Bank of Nova Scotia from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$112.00 to C$111.00 in a report on Tuesday, March 3rd. Finally, TD increased 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. One research analyst has rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$110.77.

Bank of Nova Scotia Price Performance

BNS traded down C$0.51 on Friday, reaching C$112.60. The company’s stock had a trading volume of 994,720 shares, compared to its average volume of 4,235,607. The stock 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. Bank of Nova Scotia has a 1 year low of C$73.40 and a 1 year high of C$113.57. The business’s 50 day moving average is C$104.14 and its 200 day 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 EPS for the quarter. The firm had revenue of C$9.85 billion during the quarter. Bank of Nova Scotia had a return on equity of 11.06% and a net margin of 15.64%. As a group, research analysts forecast 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).