Canaccord Genuity Group Raises Bank of Nova Scotia (TSE:BNS) Price Target to C$81.00

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS had its price objective lifted by stock analysts at Canaccord Genuity Group from C$80.00 to C$81.00 in a report released on Tuesday,BayStreet.CA reports. The firm presently has a "buy" rating on the bank's stock. Canaccord Genuity Group's target price indicates a potential upside of 8.56% from the stock's previous close.

Several other equities research analysts have also issued reports on the stock. Jefferies Financial Group increased their price objective 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 lowered 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 report on Monday, June 9th. Barclays reduced their price target on Bank of Nova Scotia from C$81.00 to C$78.00 and set an "equal weight" rating on the stock in a research report on Monday, June 9th. TD Securities lifted their price objective on shares of Bank of Nova Scotia from C$77.00 to C$79.00 and gave the company a "buy" rating in a research note on Wednesday, May 28th. Finally, Bank of America downgraded shares of Bank of Nova Scotia from a "buy" rating to a "neutral" rating and decreased their target price for the company from C$82.00 to C$70.00 in a research note on Monday, March 31st. Nine equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of C$77.31.

Bank of Nova Scotia Trading Up 0.3%

TSE:BNS traded up C$0.24 on Tuesday, hitting C$74.61. 6,113,756 shares of the stock were exchanged, compared to its average volume of 4,832,508. The stock has a market cap of C$91.43 billion, a PE ratio of 11.79, a PEG ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a fifty-two week low of C$60.68 and a fifty-two week high of C$80.14. The stock has a fifty day moving average of C$71.00 and a 200-day moving average of C$71.87.

About Bank of Nova Scotia

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.