Bank of Nova Scotia (TSE:BNS) Given New C$81.00 Price Target at TD Securities

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective cut by analysts at TD Securities from C$82.00 to C$81.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the bank’s stock. TD Securities’ price objective suggests a potential upside of 4.14% from the stock’s current price.

A number of other brokerages also recently issued reports on BNS. Bank of America raised Bank of Nova Scotia from a “neutral” rating to a “buy” rating and increased their target price for the stock from C$73.00 to C$90.00 in a research note on Tuesday, November 19th. Royal Bank of Canada lifted their target price on Bank of Nova Scotia from C$62.00 to C$65.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 28th. BMO Capital Markets boosted their target price on Bank of Nova Scotia from C$72.00 to C$84.00 in a report on Monday, November 18th. Barclays upgraded shares of Bank of Nova Scotia from a “strong sell” rating to a “hold” rating in a report on Thursday, November 21st. Finally, National Bankshares upped their price objective on shares of Bank of Nova Scotia from C$66.00 to C$78.00 in a research report on Wednesday, November 20th. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$76.73.

Bank of Nova Scotia Price Performance

Bank of Nova Scotia stock traded up C$0.68 during trading on Wednesday, reaching C$77.78. 1,614,811 shares of the company were exchanged, compared to its average volume of 4,262,035. Bank of Nova Scotia has a 52-week low of C$59.62 and a 52-week high of C$80.14. The company has a market capitalization of C$96.45 billion, a P/E ratio of 13.63, a PEG ratio of 1.33 and a beta of 0.97. The stock’s 50 day simple moving average is C$74.45 and its two-hundred day simple moving average is C$68.22.

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.