Bank of Nova Scotia (TSE:BNS) Upgraded to "Outperform" at Raymond James Financial

Key Points

• Raymond James raised its rating on Bank of Nova Scotia to Outperform, signaling increased analyst confidence in the stock.
• Several other firms have lifted price targets (e.g., CIBC to C$100, Jefferies to C$96), but the consensus remains a Hold with an average target of C$90.67.
• Shares opened at C$95.68—near the 52‑week high of C$95.71—with a market cap of C$118.88 billion and a P/E of 18.29, reflecting a relatively full valuation.

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS was upgraded by equities research analysts at Raymond James Financial to an "outperform" rating in a note issued to investors on Monday, Marketbeat reports.

A number of other analysts have also recently weighed in on BNS. Bank of America increased their price objective on shares of Bank of Nova Scotia from C$78.00 to C$88.00 in a report on Wednesday, August 27th. CIBC upped their price target on shares of Bank of Nova Scotia from C$93.00 to C$100.00 in a report on Wednesday, November 19th. Jefferies Financial Group lifted their target price on Bank of Nova Scotia from C$86.00 to C$96.00 in a report on Tuesday. Desjardins upped their price target on shares of Bank of Nova Scotia from C$79.00 to C$85.00 and gave the company a "hold" rating in a research report on Wednesday, August 27th. Finally, National Bankshares set a C$81.00 target price on Bank of Nova Scotia and gave the company a "sector perform" rating in a report on Monday, September 22nd. Four analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of C$90.67.

Bank of Nova Scotia Stock Up 1.8%

BNS opened at C$95.68 on Monday. The company's 50-day moving average price is C$91.36 and its 200 day moving average price is C$82.17. Bank of Nova Scotia has a fifty-two week low of C$62.57 and a fifty-two week high of C$95.71. The firm has a market cap of C$118.88 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 1.33 and a beta of 1.33.

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.