TD Forecasts Strong Price Appreciation for Bank of Nova Scotia (TSE:BNS) Stock

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price hoisted by analysts at TD from C$113.00 to C$124.00 in a report issued on Wednesday,BayStreet.CA reports. The firm presently has a “hold” rating on the bank’s stock. TD’s target price suggests a potential downside of 1.30% from the stock’s current price.

A number of other research analysts also recently weighed in on the company. Royal Bank Of Canada raised their price target on Bank of Nova Scotia from C$98.00 to C$117.00 and gave the company a “sector perform” rating in a research note on Thursday, May 28th. National Bank Financial upped their price objective on Bank of Nova Scotia from C$100.00 to C$106.00 and gave the stock a “sector perform” rating in a research note on Friday, May 15th. Barclays increased their price objective on Bank of Nova Scotia from C$108.00 to C$110.00 and gave the company an “equal weight” rating in a report on Thursday, May 28th. Desjardins raised their target price on shares of Bank of Nova Scotia from C$115.00 to C$125.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. Finally, Canaccord Genuity Group raised their target price on shares of Bank of Nova Scotia from C$111.00 to C$121.00 and gave the company a “hold” rating in a research note on Tuesday, July 7th. One analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$114.38.

Bank of Nova Scotia Trading Up 1.5%

Shares of Bank of Nova Scotia stock traded up C$1.82 during trading hours on Wednesday, reaching C$125.63. 804,014 shares of the company’s stock were exchanged, compared to its average volume of 4,248,164. The stock has a market cap of C$153.15 billion, a P/E ratio of 17.33, a P/E/G ratio of 1.33 and a beta of 1.30. The company has a 50 day moving average of C$121.50 and a two-hundred day moving average of C$109.18. Bank of Nova Scotia has a fifty-two week low of C$77.77 and a fifty-two week high of C$126.87.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its earnings results on Wednesday, May 27th. The bank reported C$2.02 earnings per share (EPS) for the quarter. The business had revenue of C$9.85 billion for the quarter. Bank of Nova Scotia had a return on equity of 11.06% and a net margin of 15.64%. As a group, analysts expect that Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal 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).