Bank of Nova Scotia (TSE:BNS) Stock Gets Price Target Cut from TD

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price trimmed by TD from C$141.00 to C$140.00 in a research report released on Thursday,BayStreet reports. The brokerage currently has a buy rating on the bank’s stock.

BNS has been the topic of a number of other research reports. Desjardins boosted their price objective on shares of Bank of Nova Scotia from C$130.00 to C$133.00 and gave the stock a “hold” rating in a report on Wednesday. Raymond James Financial upped their target price on shares of Bank of Nova Scotia from C$137.00 to C$139.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 26th. National Bank Financial raised shares of Bank of Nova Scotia from a “hold” rating to an “outperform” rating and increased their target price for the company from C$128.00 to C$142.00 in a report on Wednesday, August 26th. Barclays lifted 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. Finally, Bank of America lifted their price target on shares of Bank of Nova Scotia from C$131.00 to C$134.00 in a research report on Wednesday, August 26th. One investment 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 company’s stock. Based on data from MarketBeat, Bank of Nova Scotia presently has a consensus rating of “Moderate Buy” and an average target price of C$129.64.

Bank of Nova Scotia Stock Performance

TSE:BNS opened at C$131.85 on Thursday. Bank of Nova Scotia has a 1 year low of C$92.85 and a 1 year high of C$135.40. The stock has a fifty day moving average price of C$130.10 and a two-hundred day moving average price of C$115.91. The stock has a market capitalization of C$160.44 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.33 and a beta of 1.14.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last issued its earnings results on Tuesday, August 25th. The bank reported C$2.28 EPS for the quarter. Bank of Nova Scotia had a net margin of 14.08% and a return on equity of 11.41%. The company had revenue of C$10.54 billion for the quarter. On average, analysts predict that Bank of Nova Scotia will post 7.13 EPS for the current year.

Bank of Nova Scotia Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 28th. Stockholders of record on Wednesday, October 28th were given a $1.14 dividend. The ex-dividend date was Tuesday, October 6th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.5%. Bank of Nova Scotia’s dividend payout ratio (DPR) is currently 58.04%.

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).