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

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 raised by investment analysts at Barclays from C$78.00 to C$81.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has an "equal weight" rating on the bank's stock. Barclays's target price would indicate a potential upside of 3.09% from the company's previous close.

Other research analysts have also issued reports about the company. National Bankshares boosted their price target on Bank of Nova Scotia from C$71.00 to C$72.00 and gave the stock a "sector perform" rating in a research report on Wednesday, May 28th. TD Securities boosted 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 boosted their price target on Bank of Nova Scotia from C$81.00 to C$85.00 in a research report on Tuesday, July 22nd. Royal Bank Of Canada reduced their price target on Bank of Nova Scotia from C$81.00 to C$80.00 and set a "sector perform" rating for the company in a research report on Monday, June 9th. Finally, Desjardins boosted 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 note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of C$78.57.

Bank of Nova Scotia Trading Up 0.1%

Shares of BNS stock traded up C$0.04 on Thursday, reaching C$78.57. 1,869,720 shares of the company's stock were exchanged, compared to its average volume of 4,738,245. Bank of Nova Scotia has a 52 week low of C$62.57 and a 52 week high of C$80.14. The stock has a market capitalization of C$96.28 billion, a PE ratio of 12.42, a P/E/G ratio of 1.33 and a beta of 0.97. The company's fifty day simple moving average is C$75.80 and its 200 day simple moving average is C$71.90.

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.