Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS had its target price raised by equities researchers at TD Securities from C$77.00 to C$79.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the bank's stock. TD Securities' price objective would suggest a potential upside of 9.60% from the company's previous close.
BNS has been the subject of a number of other research reports. UBS Group lowered their target price on Bank of Nova Scotia from C$85.00 to C$78.00 in a research note on Thursday, May 22nd. Cibc World Mkts lowered shares of Bank of Nova Scotia from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. CIBC raised their price target on Bank of Nova Scotia from C$75.00 to C$77.00 in a report on Thursday, May 22nd. Bank of America lowered Bank of Nova Scotia from a "buy" rating to a "neutral" rating and lowered their price target for the company from C$82.00 to C$70.00 in a report on Monday, March 31st. Finally, Royal Bank of Canada decreased their price target on shares of Bank of Nova Scotia from C$83.00 to C$81.00 and set a "sector perform" rating for the company in a report on Wednesday, February 26th. Nine equities research 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 company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of C$77.00.
Check Out Our Latest Report on BNS
Bank of Nova Scotia Trading Down 1.1%
Shares of BNS traded down C$0.83 during mid-day trading on Wednesday, reaching C$72.08. 2,337,753 shares of the stock traded hands, compared to its average volume of 4,823,867. Bank of Nova Scotia has a 1 year low of C$60.68 and a 1 year high of C$80.14. The firm has a fifty day moving average price of C$68.31 and a 200 day moving average price of C$72.40. The company has a market cap of C$88.33 billion, a price-to-earnings ratio of 11.39, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97.
Bank of Nova Scotia Company Profile
(
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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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