Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price lowered by research analysts at Canaccord Genuity from C$76.00 to C$74.00 in a report issued on Wednesday, BayStreet.CA reports. Canaccord Genuity’s target price suggests a potential upside of 3.87% from the company’s current price.
A number of other equities analysts have also commented on BNS. BMO Capital Markets reaffirmed an “outperform” rating and set a C$85.00 price target on shares of Bank of Nova Scotia in a research report on Tuesday, January 15th. TD Securities lowered shares of Bank of Nova Scotia from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$84.00 to C$80.00 in a research report on Wednesday, February 27th. National Bank Financial lowered their price target on shares of Bank of Nova Scotia from C$80.00 to C$78.00 in a research report on Wednesday, February 27th. Desjardins lowered their price target on shares of Bank of Nova Scotia from C$83.00 to C$81.00 in a research report on Wednesday, February 27th. Finally, CIBC lowered shares of Bank of Nova Scotia from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from C$86.00 to C$81.00 in a research report on Wednesday, February 27th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$83.55.
Shares of BNS traded down C$0.13 during trading hours on Wednesday, hitting C$71.24. The company had a trading volume of 888,915 shares, compared to its average volume of 2,720,933. The firm has a market capitalization of $87.49 billion and a PE ratio of 10.69. Bank of Nova Scotia has a 12 month low of C$66.36 and a 12 month high of C$80.79.
Bank of Nova Scotia Company Profile
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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