Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective reduced by investment analysts at National Bank Financial from C$79.00 to C$77.00 in a note issued to investors on Friday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the bank’s stock. National Bank Financial’s target price indicates a potential upside of 5.18% from the stock’s previous close.
BNS has been the subject of several other reports. CIBC upped their price target on Bank of Nova Scotia from C$77.00 to C$81.00 in a research note on Thursday, November 21st. TD Securities dropped their price target on Bank of Nova Scotia from C$79.00 to C$77.00 and set a “hold” rating for the company in a research note on Wednesday, November 27th. Royal Bank of Canada lowered their target price on Bank of Nova Scotia from C$80.00 to C$78.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 27th. Desjardins increased their target price on Bank of Nova Scotia from C$80.00 to C$82.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, Canaccord Genuity increased their target price on Bank of Nova Scotia from C$74.00 to C$77.00 in a research note on Monday, November 25th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of C$78.60.
TSE:BNS traded down C$0.25 on Friday, hitting C$73.21. 1,014,300 shares of the stock were exchanged, compared to its average volume of 2,797,251. The stock has a market cap of $87.59 billion and a PE ratio of 10.97. The stock has a fifty day moving average of C$73.39 and a 200-day moving average of C$72.97. Bank of Nova Scotia has a fifty-two week low of C$67.17 and a fifty-two week high of C$76.75.
About Bank of Nova Scotia
The Bank of Nova Scotia provides various banking products and services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific. The company offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and related creditor insurance to individuals and small businesses; and commercial banking solutions comprising lending, deposit, cash management, and trade finance solutions to medium and large businesses, including automotive dealers and their customers.
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