TD Securities Reiterates "C$81.00" Price Target for Bank of Nova Scotia (TSE:BNS)

Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS has been given a C$81.00 price target by stock analysts at TD Securities in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has a "buy" rating on the bank's stock. TD Securities' target price would indicate a potential upside of 16.56% from the company's previous close.

A number of other analysts have also weighed in on the stock. National Bankshares increased their price objective on shares of Bank of Nova Scotia from C$66.00 to C$78.00 in a research note on Wednesday, November 20th. Cibc World Mkts downgraded shares of Bank of Nova Scotia from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Canaccord Genuity Group raised shares of Bank of Nova Scotia from a "hold" rating to a "buy" rating and raised their price target for the stock from C$71.00 to C$84.00 in a research note on Tuesday, November 19th. Accountability Research set a C$82.00 target price on shares of Bank of Nova Scotia and gave the stock a "buy" rating in a research note on Thursday, January 9th. Finally, BMO Capital Markets lifted their target price on shares of Bank of Nova Scotia from C$72.00 to C$84.00 in a research note on Monday, November 18th. Eight 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. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of C$78.55.

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Bank of Nova Scotia Price Performance

Bank of Nova Scotia stock traded up C$0.61 during mid-day trading on Tuesday, reaching C$69.49. 3,586,254 shares of the company traded hands, compared to its average volume of 4,531,206. 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 market capitalization of C$85.16 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. The firm's fifty day moving average is C$73.43 and its two-hundred day moving average is C$73.33.

Bank of Nova Scotia Company Profile

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.