Bank of Nova Scotia (TSE:BNS) Given a C$81.00 Price Target by National Bankshares Analysts

Key Points

• Bank of Nova Scotia has received a new price target of C$81.00 from National Bankshares, indicating a potential downside of 9.21% from its previous closing price.
• Several analysts have raised their price targets for the stock, with CIBC increasing it to C$93.00 and Barclays to C$86.00, reflecting a generally optimistic outlook.
• The stock currently has a consensus rating of "Hold" with an average target price of C$85.85 from multiple analysts.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS has been assigned a C$81.00 price target by equities researchers at National Bankshares in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the bank's stock. National Bankshares' price target suggests a potential downside of 9.21% from the company's previous close.

Other analysts have also recently issued reports about the stock. CIBC upped their price objective on shares of Bank of Nova Scotia from C$90.00 to C$93.00 and gave the stock a "neutral" rating in a research note on Friday, September 5th. Barclays upped their price objective on shares of Bank of Nova Scotia from C$81.00 to C$86.00 in a research note on Wednesday, August 27th. Royal Bank Of Canada upped their price objective on shares of Bank of Nova Scotia from C$80.00 to C$86.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 27th. TD Securities upped their target price on shares of Bank of Nova Scotia from C$87.00 to C$93.00 and gave the stock a "buy" rating in a research report on Wednesday, August 27th. Finally, Bank of America upped their target price on shares of Bank of Nova Scotia from C$78.00 to C$88.00 in a research report on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of C$85.85.

Bank of Nova Scotia Trading Down 0.4%

TSE BNS traded down C$0.38 on Monday, reaching C$89.22. The company's stock had a trading volume of 961,186 shares, compared to its average volume of 4,692,017. The firm has a market cap of C$110.85 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 1.33 and a beta of 1.35. The business has a 50-day moving average price of C$81.12 and a 200 day moving average price of C$74.21. Bank of Nova Scotia has a 52 week low of C$62.57 and a 52 week high of C$90.00.

About Bank of Nova Scotia

Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

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