TD Securities Cuts Bank of Nova Scotia (TSE:BNS) Price Target to C$81.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price lowered by research analysts at TD Securities from C$82.00 to C$81.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the bank’s stock. TD Securities’ price objective would suggest a potential upside of 3.46% from the company’s previous close.

Several other equities research analysts also recently commented on the stock. Bank of America upgraded shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating and upped their price target for the company from C$73.00 to C$90.00 in a research report on Tuesday, November 19th. Canaccord Genuity Group raised shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating and boosted their target price for the company from C$71.00 to C$84.00 in a research note on Tuesday, November 19th. 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 Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a report on Monday, November 18th. Finally, National Bankshares increased their price objective on Bank of Nova Scotia from C$66.00 to C$78.00 in a research note on Wednesday, November 20th. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Bank of Nova Scotia presently has a consensus rating of “Moderate Buy” and a consensus target price of C$76.73.

Bank of Nova Scotia Trading Up 0.6 %

TSE BNS opened at C$78.29 on Wednesday. Bank of Nova Scotia has a 1 year low of C$59.62 and a 1 year high of C$80.14. The company has a market cap of C$97.08 billion, a PE ratio of 13.71, a PEG ratio of 1.33 and a beta of 0.97. The stock’s 50-day moving average price is C$74.65 and its two-hundred day moving average price is C$68.39.

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.