Bank of Nova Scotia (TSE:BNS) Price Target Cut to C$111.00 by Analysts at Canaccord Genuity Group

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price reduced by Canaccord Genuity Group from C$112.00 to C$111.00 in a research note issued to investors on Friday morning,BayStreet.CA reports. They currently have a hold rating on the bank’s stock.

Several other research analysts have also commented on the company. Canadian Imperial Bank of Commerce lifted their price target on Bank of Nova Scotia from C$116.00 to C$122.00 and gave the stock a “neutral” rating in a research report on Thursday, May 28th. UBS Group lifted their price target on Bank of Nova Scotia from C$118.00 to C$120.00 in a research report on Wednesday, February 25th. Barclays lifted their price target on Bank of Nova Scotia from C$108.00 to C$110.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 28th. BMO Capital Markets boosted their target price on Bank of Nova Scotia from C$98.00 to C$101.00 and gave the company a “market perform” rating in a research report on Wednesday, February 25th. Finally, TD Securities lowered Bank of Nova Scotia from a “buy” rating to a “hold” rating and dropped their target price for the company from C$112.00 to C$111.00 in a research report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$110.77.

Bank of Nova Scotia Trading Down 0.7%

BNS opened at C$112.36 on Friday. The firm has a market cap of C$137.76 billion, a P/E ratio of 15.50, a P/E/G ratio of 1.33 and a beta of 1.32. Bank of Nova Scotia has a 12 month low of C$73.40 and a 12 month high of C$113.57. The stock has a 50-day moving average of C$104.46 and a 200 day moving average of C$101.65.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings results on Wednesday, May 27th. The bank reported C$2.02 EPS for the quarter. The company 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%. On average, research analysts forecast that Bank of Nova Scotia will post 7.1286267 earnings per share for the current fiscal year.

Bank of Nova Scotia Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Tuesday, April 28th were issued a $1.10 dividend. The ex-dividend date was Tuesday, April 7th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 3.9%. Bank of Nova Scotia’s payout ratio is presently 60.69%.

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).