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

Key Points

• TD raised its price target for Bank of Nova Scotia from C$113 to C$124 while maintaining a “hold” rating; the new target implies approximately 1.3% downside from the prior close.
• Analyst sentiment remains cautious, with one Buy rating and nine Holds; the consensus target is C$114.38.
• Bank of Nova Scotia shares rose 1.5% to C$125.63, near their 52-week high of C$126.87. The bank most recently reported C$2.02 in quarterly EPS and C$9.85 billion in revenue.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS had its price objective raised by research analysts at TD from C$113.00 to C$124.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a "hold" rating on the bank's stock. TD's target price would suggest a potential downside of 1.30% from the company's previous close.

A number of other research analysts have also weighed in on the stock. Canadian Imperial Bank of Commerce lifted their price target on shares of Bank of Nova Scotia from C$116.00 to C$122.00 and gave the company a "neutral" rating in a research note on Thursday, May 28th. Royal Bank Of Canada increased their price objective on shares of Bank of Nova Scotia from C$98.00 to C$117.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 28th. National Bank Financial raised their price objective on shares of Bank of Nova Scotia from C$100.00 to C$106.00 and gave the stock a "sector perform" rating in a report on Friday, May 15th. Jefferies Financial Group boosted their price objective on shares of Bank of Nova Scotia from C$104.00 to C$105.00 in a research report on Wednesday, May 20th. Finally, Desjardins upped their target price on shares of Bank of Nova Scotia from C$115.00 to C$125.00 and gave the stock a "hold" rating in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of C$114.38.

Bank of Nova Scotia Trading Up 1.5%

Shares of TSE:BNS traded up C$1.82 during trading on Wednesday, hitting C$125.63. 804,014 shares of the company's stock traded hands, compared to its average volume of 4,248,164. Bank of Nova Scotia has a 52 week low of C$77.77 and a 52 week high of C$126.87. The company has a market cap of C$153.15 billion, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 1.33 and a beta of 1.30. The company has a 50-day moving average price of C$121.50 and a 200-day moving average price of C$109.18.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS last issued its quarterly earnings data 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 business had revenue of C$9.85 billion during the quarter. On average, analysts predict 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.

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