Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$81.00

Key Points

• Bank of Nova Scotia's price target has been increased to C$81.00 by Barclays, reflecting a potential upside of 3.86% from its current price.
• Other analysts, including Canaccord Genuity and Desjardins, have also raised their price targets, with a consensus rating of "Hold" and an average price target of C$78.50.
• The bank's stock is currently trading at C$77.99, with a market capitalization of C$95.57 billion and a PE ratio of 12.32.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS had its price target increased by stock analysts at Barclays from C$78.00 to C$81.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has an "equal weight" rating on the bank's stock. Barclays's target price would indicate a potential upside of 3.86% from the company's current price.

BNS has been the topic of several other reports. Canaccord Genuity Group raised their target price on Bank of Nova Scotia from C$81.00 to C$85.00 in a research report on Tuesday, July 22nd. Desjardins raised their target price on Bank of Nova Scotia from C$77.00 to C$79.00 and gave the stock a "hold" rating in a research report on Wednesday. TD Securities raised their target price 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. CIBC raised their price objective on Bank of Nova Scotia from C$75.00 to C$77.00 in a research note on Thursday, May 22nd. Finally, Royal Bank Of Canada decreased their price objective on Bank of Nova Scotia from C$81.00 to C$80.00 and set a "sector perform" rating on the stock in a research note on Monday, June 9th. Ten 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of C$78.50.

Bank of Nova Scotia Trading Down 0.0%

BNS stock traded down C$0.02 during trading on Thursday, reaching C$77.99. The stock had a trading volume of 1,069,477 shares, compared to its average volume of 4,779,946. The firm has a market cap of C$95.57 billion, a PE ratio of 12.32, a PEG ratio of 1.33 and a beta of 0.97. The stock's 50 day moving average is C$75.52 and its two-hundred day moving average is C$71.87. Bank of Nova Scotia has a 52 week low of C$62.57 and a 52 week high of C$80.14.

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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