Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS had its target price decreased by equities researchers at CIBC from C$81.00 to C$75.00 in a research note issued on Wednesday,BayStreet.CA reports. CIBC's price objective would indicate a potential upside of 7.93% from the company's current price.
A number of other equities research analysts have also recently issued reports on BNS. Bank of America upgraded Bank of Nova Scotia from a "neutral" rating to a "buy" rating and boosted their price objective for the company from C$73.00 to C$90.00 in a research note on Tuesday, November 19th. Accountability Research set a C$82.00 target price on Bank of Nova Scotia and gave the company a "buy" rating in a report on Thursday, January 9th. BMO Capital Markets lifted their target price on Bank of Nova Scotia from C$72.00 to C$84.00 in a report on Monday, November 18th. TD Securities set a C$81.00 target price on Bank of Nova Scotia and gave the company a "buy" rating in a report on Tuesday, March 4th. Finally, Cibc World Mkts lowered Bank of Nova Scotia from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of C$78.55.
View Our Latest Research Report on Bank of Nova Scotia
Bank of Nova Scotia Stock Up 0.9 %
Bank of Nova Scotia stock traded up C$0.61 during midday trading on Wednesday, reaching C$69.49. The stock had a trading volume of 3,586,254 shares, compared to its average volume of 4,531,206. Bank of Nova Scotia has a 12 month low of C$60.68 and a 12 month high of C$80.14. The firm's 50-day moving average price is C$73.43 and its 200 day moving average price is C$73.39. The firm has a market capitalization of C$85.16 billion, a PE ratio of 10.98, a P/E/G ratio of 1.33 and a beta of 0.97.
About Bank of Nova Scotia
(
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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.
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