Bank of Nova Scotia (TSE:BNS) Given New C$85.00 Price Target at Canaccord Genuity Group

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS had its price objective increased by Canaccord Genuity Group from C$81.00 to C$85.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. Canaccord Genuity Group's price objective indicates a potential upside of 9.49% from the stock's current price.

Other equities analysts have also recently issued research reports about the stock. CIBC boosted 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. Jefferies Financial Group lifted their price target on shares of Bank of Nova Scotia from C$70.00 to C$75.00 and gave the stock a "hold" rating in a research report on Wednesday, May 28th. Royal Bank Of Canada cut their price objective 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. National Bankshares lifted their target price on Bank of Nova Scotia from C$71.00 to C$72.00 and gave the stock a "sector perform" rating in a report on Wednesday, May 28th. Finally, Bank of America lowered Bank of Nova Scotia from a "buy" rating to a "neutral" rating and cut their target price for the stock from C$82.00 to C$70.00 in a research report on Monday, March 31st. Nine investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of C$77.62.

Bank of Nova Scotia Trading Up 0.4%

TSE:BNS traded up C$0.29 during midday trading on Tuesday, hitting C$77.63. 2,680,687 shares of the stock were exchanged, compared to its average volume of 4,928,392. The company has a market capitalization of C$95.13 billion, a price-to-earnings ratio of 12.27, a P/E/G ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a one year low of C$60.68 and a one year high of C$80.14. The business has a 50-day moving average price of C$74.21 and a two-hundred day moving average price of C$71.58.

Bank of Nova Scotia Company Profile

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.