{"id":43482,"date":"2023-11-29T21:01:42","date_gmt":"2023-11-29T21:01:42","guid":{"rendered":"https:\/?p=43482"},"modified":"2023-11-29T21:11:14","modified_gmt":"2023-11-29T21:11:14","slug":"bank-of-nova-scotia-bnstsx-analyst-cut-target-after-earnings-concerns","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/bank-of-nova-scotia-bnstsx-analyst-cut-target-after-earnings-concerns\/","title":{"rendered":"Bank of Nova Scotia (BNS:TSX) Analyst cut targets after Earnings Concerns"},"content":{"rendered":"<h2>Analyst Ratings Coverage<\/h2>\n<ol>\n<li>Desjardins Securities downgraded their rating\u00a0 on <a href=\"https:\/\/www.stocktargetadvisor.com\/stock\/Canada\/TSX\/BNS\/analyst-rating\">Scotiabank<\/a> to &#8220;Hold&#8221; with a target price\u00a0 cut down to CAD 62 on November 29, 2023.<\/li>\n<li>Bank of America Merrill Lynch revised their rating to &#8220;Neutral&#8221; and cut the\u00a0 target price to CAD 60 on November 29, 2023.<\/li>\n<li>BMO Capital Markets changed their stance to &#8220;Market Perform&#8221; with a cut target price of CAD 68, as of November 29, 2023.<\/li>\n<li>RBC now rates Scotiabank as &#8220;Sector Perform&#8221; and adjusted their target price to CAD 62 on November 29, 2023.<\/li>\n<li>TD Securities downgraded their rating to &#8220;Hold&#8221; and provided a new target price of CAD 56 on November 29, 2023.<\/li>\n<li>Scotia Capital kept their rating\u00a0 at&#8221;Outperform&#8221; with a target price\u00a0 dowen to CAD 6.5, as of November 29, 2023.<\/li>\n<li>National Bank Financial adjusted their rating to &#8220;Sector Perform&#8221; and set a new target price, down to CAD 60 on November 29, 2023.<\/li>\n<\/ol>\n<p><!-- STA Widget BEGIN --><\/p>\n<div>\n<div class=\"sta-analyst-rating-widget-display\">\n<p><a style=\"text-decoration: none; color: #4b6db5 !important;\" href=\"https:\/\/www.stocktargetadvisor.com\/stock\/Canada\/TSX\/BNS\" target=\"_blank\" rel=\"noopener\">BNS:CA Ratings<\/a> by Stock Target Advisor<\/p>\n<\/div>\n<p><script class=\"analyst-rating\" type=\"text\/javascript\" src=\"https:\/\/www.stocktargetadvisor.com\/assets\/js\/analyst_rating_widget.js\" data-symbol=\"BNS:CA\" data-theme=\"wt_bg_light\" data-uid=\"19527117656567a8d95d9c86567a8d95d9c9\" data-width=\"900\" >\n\t\t<\/script><\/p>\n<\/div>\n<h2>Scotiabank Stock Analysis<\/h2>\n<p>The Bank of Nova Scotia&#8217;s stock forecast, as derived from the assessments of 14 financial analysts, indicates an average target price of CAD 65.85 over the next 12 months. This projection serves as an important reference point for investors, providing an average expectation of where the stock price might trend in the coming year.<\/p>\n<p>The average analyst rating for Bank of Nova Scotia is &#8220;Hold,&#8221; reflecting a consensus view among financial experts that investors should neither buy nor sell the stock aggressively at the moment. This rating is often a result of a comprehensive analysis of various factors, including the company&#8217;s financial performance, industry trends, and broader economic conditions.<\/p>\n<p><a href=\"https:\/\/www.stocktargetadvisor.com\/\">Stock Target Advisor<\/a>, an independent stock analysis platform, offers its own assessment of Bank of Nova Scotia&#8217;s stock, characterizing it as &#8220;Slightly Bearish.&#8221; This designation is based on an analysis that considers 5 positive signals and 8 negative signals. Positive signals may include factors such as earnings growth or positive market trends, while negative signals could be associated with potential risks or challenges the company faces.<\/p>\n<p>As of the latest market close, Bank of Nova Scotia&#8217;s stock was valued at CAD 57.57. Investors and analysts closely monitor the stock&#8217;s recent performance to gauge its short-term movements. In the past week, the stock price declined by -4.70%, while it exhibited a positive change of +3.90% over the past month. Over the last year, however, the stock has experienced a decline of -19.44%, indicating a challenging period for investors holding the stock over the longer term.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analyst Ratings Coverage Desjardins Securities downgraded their rating\u00a0 on Scotiabank to &#8220;Hold&#8221; with a target price\u00a0 cut down to CAD 62 on November 29, 2023&#8230;.<\/p>\n","protected":false},"author":9,"featured_media":10225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"image","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-43482","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-blog","post_format-post-format-image"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v21.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bank of Nova Scotia (BNS:TSX) Analyst cut targets after Earnings Concerns | Stock Target Advisor<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.stocktargetadvisor.com\/blog\/bank-of-nova-scotia-bnstsx-analyst-cut-target-after-earnings-concerns\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank of Nova Scotia (BNS:TSX) Analyst cut targets after Earnings Concerns\" \/>\n<meta property=\"og:description\" content=\"Analyst Ratings Coverage Desjardins Securities downgraded their rating\u00a0 on Scotiabank to &#8220;Hold&#8221; 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