Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS had its price objective raised by analysts at Jefferies Financial Group from C$75.00 to C$83.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Jefferies Financial Group's price objective would indicate a potential upside of 5.69% from the stock's current price.
Several other brokerages have also recently issued reports on BNS. CIBC raised their target price on shares of Bank of Nova Scotia from C$75.00 to C$77.00 in a report on Thursday, May 22nd. TD Securities increased their price target on Bank of Nova Scotia from C$77.00 to C$79.00 and gave the stock a "buy" rating in a research report on Wednesday, May 28th. Canaccord Genuity Group lifted their price objective on Bank of Nova Scotia from C$81.00 to C$85.00 in a research note on Tuesday, July 22nd. Desjardins boosted their price objective on Bank of Nova Scotia from C$77.00 to C$79.00 and gave the company a "hold" rating in a report on Wednesday, August 13th. Finally, Royal Bank Of Canada dropped their target price on Bank of Nova Scotia from C$81.00 to C$80.00 and set a "sector perform" rating on the stock in a report on Monday, June 9th. Ten equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of C$78.57.
Read Our Latest Stock Report on Bank of Nova Scotia
Bank of Nova Scotia Price Performance
BNS traded up C$0.06 during trading on Wednesday, reaching C$78.53. 2,265,399 shares of the company's stock were exchanged, compared to its average volume of 4,756,400. Bank of Nova Scotia has a 1 year low of C$62.57 and a 1 year high of C$80.14. The company's fifty day simple moving average is C$75.80 and its 200-day simple moving average is C$71.90. The stock has a market capitalization of C$96.23 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97.
About Bank of Nova Scotia
(
Get Free Report)
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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