Bank of Nova Scotia (TSE:BNS) PT Raised to C$78.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price increased by equities researchers at CIBC from C$68.00 to C$78.00 in a note issued to investors on Friday, BayStreet.CA reports. CIBC’s price objective would indicate a potential upside of 14.04% from the stock’s current price.

A number of other research firms have also recently commented on BNS. TD Securities upped their target price on shares of Bank of Nova Scotia from C$69.00 to C$71.00 and gave the company a “hold” rating in a research report on Wednesday, August 28th. Royal Bank of Canada upped their price objective on shares of Bank of Nova Scotia from C$62.00 to C$65.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 28th. Cormark dropped their target price on shares of Bank of Nova Scotia from C$68.00 to C$65.00 and set a “market perform” rating for the company in a report on Tuesday, August 20th. UBS Group set a C$67.00 price target on Bank of Nova Scotia and gave the stock a “neutral” rating in a research note on Tuesday, July 2nd. Finally, Jefferies Financial Group raised their price target on Bank of Nova Scotia from C$65.00 to C$69.00 and gave the stock a “hold” rating in a research report on Wednesday, August 28th. Twelve research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Bank of Nova Scotia currently has a consensus rating of “Hold” and an average price target of C$67.92.

Bank of Nova Scotia Price Performance

Shares of BNS traded down C$0.02 during mid-day trading on Friday, reaching C$68.40. The stock had a trading volume of 1,086,968 shares, compared to its average volume of 3,990,600. Bank of Nova Scotia has a 52-week low of C$55.20 and a 52-week high of C$70.40. The firm has a market cap of C$84.82 billion, a price-to-earnings ratio of 11.94, a P/E/G ratio of 1.33 and a beta of 0.96. The business’s fifty day moving average is C$64.18 and its 200 day moving average is C$65.03.

About Bank of Nova Scotia

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.