Canaccord Genuity Group Boosts 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 target price hoisted by investment analysts at Canaccord Genuity Group from C$80.00 to C$81.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the bank's stock. Canaccord Genuity Group's price objective would indicate a potential upside of 7.86% from the stock's previous close.

BNS has been the subject of several other research reports. Bank of America cut Bank of Nova Scotia from a "buy" rating to a "neutral" rating and decreased their target price for the stock from C$82.00 to C$70.00 in a research note on Monday, March 31st. UBS Group reduced their price objective on shares of Bank of Nova Scotia from C$85.00 to C$78.00 in a research report on Thursday, May 22nd. Barclays dropped their target price on shares of 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 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. Finally, Royal Bank Of Canada lowered their price objective on shares of Bank of Nova Scotia from C$81.00 to C$80.00 and set a "sector perform" rating on the stock in a research report on Monday, June 9th. Nine investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Bank of Nova Scotia has a consensus rating of "Hold" and a consensus target price of C$77.31.

Bank of Nova Scotia Stock Down 0.1%

TSE BNS traded down C$0.04 on Tuesday, hitting C$75.10. 3,816,812 shares of the stock were exchanged, compared to its average volume of 4,838,768. 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 company has a 50-day moving average price of C$71.55 and a 200-day moving average price of C$71.88. The company has a market cap of C$92.03 billion, a PE ratio of 11.87, a PEG ratio of 1.33 and a beta of 0.97.

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.