Bank of Nova Scotia (TSE:BNS - Get Free Report) NYSE: BNS had its target price hoisted by equities research analysts at Royal Bank of Canada from C$74.00 to C$83.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the bank's stock. Royal Bank of Canada's price target would indicate a potential upside of 11.66% from the stock's current price.
Several other equities analysts have also commented on BNS. Barclays raised Bank of Nova Scotia from a "strong sell" rating to a "hold" rating in a research report on Thursday, November 21st. UBS Group upgraded shares of Bank of Nova Scotia from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 18th. BMO Capital Markets lifted their price target on shares of Bank of Nova Scotia from C$72.00 to C$84.00 in a research note on Monday, November 18th. Bank of America upgraded shares of Bank of Nova Scotia from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from C$73.00 to C$90.00 in a report on Tuesday, November 19th. Finally, TD Securities dropped their target price on Bank of Nova Scotia from C$82.00 to C$81.00 and set a "buy" rating on the stock in a research report on Wednesday, December 4th. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$77.55.
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Bank of Nova Scotia Stock Performance
Shares of TSE:BNS traded down C$0.38 during midday trading on Wednesday, hitting C$74.33. 10,396,832 shares of the company's stock traded hands, compared to its average volume of 8,972,120. The firm's fifty day moving average price is C$76.83 and its two-hundred day moving average price is C$70.38. Bank of Nova Scotia has a twelve month low of C$60.68 and a twelve month high of C$80.14. The company has a market cap of C$92.17 billion, a PE ratio of 13.02, a P/E/G ratio of 1.33 and a beta of 0.97.
Bank of Nova Scotia Company Profile
(
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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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