Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS was downgraded by equities researchers at Bank of America from a "buy" rating to a "neutral" rating in a research report issued to clients and investors on Monday,BayStreet.CA reports. They presently have a C$70.00 target price on the bank's stock, down from their prior target price of C$82.00. Bank of America's price target suggests a potential upside of 5.20% from the company's previous close.
BNS has been the subject of several other research reports. Royal Bank of Canada dropped their target price on Bank of Nova Scotia from C$83.00 to C$81.00 and set a "sector perform" rating for the company in a research report on Wednesday, February 26th. Accountability Research set a C$82.00 price objective on Bank of Nova Scotia and gave the company a "buy" rating in a research report on Thursday, January 9th. CIBC decreased their target price on Bank of Nova Scotia from C$81.00 to C$75.00 in a research report on Wednesday, March 5th. Cibc World Mkts lowered shares of Bank of Nova Scotia from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group reduced their price target on shares of Bank of Nova Scotia from C$81.00 to C$77.00 in a research note on Tuesday, February 18th. Nine equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Bank of Nova Scotia presently has an average rating of "Hold" and a consensus price target of C$76.73.
Check Out Our Latest Stock Report on Bank of Nova Scotia
Bank of Nova Scotia Stock Performance
TSE BNS traded down C$1.64 on Monday, hitting C$66.54. 10,728,304 shares of the stock were exchanged, compared to its average volume of 5,126,238. Bank of Nova Scotia has a 52-week low of C$60.68 and a 52-week high of C$80.14. The firm has a market capitalization of C$81.54 billion, a P/E ratio of 10.51, a P/E/G ratio of 1.33 and a beta of 0.97. The stock has a fifty day moving average price of C$71.04 and a two-hundred day moving average price of C$73.58.
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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