Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$72.00

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS had its target price raised by stock analysts at National Bankshares from C$71.00 to C$72.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the bank's stock. National Bankshares' price objective would suggest a potential downside of 0.11% from the company's previous close.

BNS has been the subject of several other reports. Bank of America lowered Bank of Nova Scotia from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from C$82.00 to C$70.00 in a research report on Monday, March 31st. CIBC boosted their price objective on shares of Bank of Nova Scotia from C$75.00 to C$77.00 in a research note on Thursday, May 22nd. Royal Bank of Canada lowered their price objective on shares of Bank of Nova Scotia from C$83.00 to C$81.00 and set a "sector perform" rating on the stock in a research note on Wednesday, February 26th. Cibc World Mkts downgraded shares of Bank of Nova Scotia from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Finally, TD Securities set a C$81.00 price target on Bank of Nova Scotia and gave the stock a "buy" rating in a research report on Tuesday, March 4th. Nine analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of C$77.00.

Bank of Nova Scotia Price Performance

Shares of Bank of Nova Scotia stock traded down C$0.83 on Wednesday, hitting C$72.08. 2,337,753 shares of the company's stock traded hands, compared to its average volume of 4,823,867. The stock has a market capitalization of C$88.33 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. The firm's 50-day moving average price is C$68.31 and its two-hundred day moving average price is C$72.40. Bank of Nova Scotia has a one year low of C$60.68 and a one year high of C$80.14.

Bank of Nova Scotia Company Profile

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.

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