Bank of Nova Scotia’s (BNS) “Neutral” Rating Reiterated at CIBC

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS)‘s stock had its “neutral” rating reissued by equities research analysts at CIBC in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports.

A number of other brokerages have also recently issued reports on BNS. UBS Group raised Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a report on Monday, November 18th. Canaccord Genuity Group raised Bank of Nova Scotia from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. Barclays raised Bank of Nova Scotia from an “underweight” rating to an “equal weight” rating in a report on Thursday, November 21st. TD Securities raised Bank of Nova Scotia from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Finally, Canaccord Genuity Group raised Bank of Nova Scotia from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $72.00.

Bank of Nova Scotia Stock Down 0.4 %

Shares of NYSE BNS opened at $50.84 on Tuesday. The stock has a market cap of $63.32 billion, a PE ratio of 11.77, a PEG ratio of 1.16 and a beta of 1.07. The business has a fifty day moving average of $52.22 and a two-hundred day moving average of $52.20. Bank of Nova Scotia has a 52-week low of $43.67 and a 52-week high of $57.07. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.03.

Institutional Trading of Bank of Nova Scotia

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Magnus Financial Group LLC increased its stake in shares of Bank of Nova Scotia by 4.1% in the fourth quarter. Magnus Financial Group LLC now owns 5,100 shares of the bank’s stock valued at $274,000 after buying an additional 200 shares in the last quarter. Sigma Planning Corp increased its position in Bank of Nova Scotia by 1.9% in the third quarter. Sigma Planning Corp now owns 11,089 shares of the bank’s stock worth $604,000 after purchasing an additional 210 shares during the period. Private Advisor Group LLC increased its position in Bank of Nova Scotia by 3.5% in the fourth quarter. Private Advisor Group LLC now owns 6,248 shares of the bank’s stock worth $336,000 after purchasing an additional 211 shares during the period. Signaturefd LLC increased its position in Bank of Nova Scotia by 1.2% in the third quarter. Signaturefd LLC now owns 18,470 shares of the bank’s stock worth $1,006,000 after purchasing an additional 216 shares during the period. Finally, Addison Advisors LLC increased its position in Bank of Nova Scotia by 7.3% in the third quarter. Addison Advisors LLC now owns 3,357 shares of the bank’s stock worth $183,000 after purchasing an additional 227 shares during the period. 49.13% of the stock is currently owned by institutional investors and hedge funds.

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.