Cibc World Mkts Downgrades Bank of Nova Scotia (TSE:BNS) to Hold

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) was downgraded by analysts at Cibc World Mkts from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

BNS has been the subject of several other reports. National Bankshares lifted their target price on Bank of Nova Scotia from C$66.00 to C$78.00 in a report on Wednesday, November 20th. Barclays raised Bank of Nova Scotia from a “strong sell” rating to a “hold” rating in a report on Thursday, November 21st. UBS Group raised shares of Bank of Nova Scotia from a “hold” rating to a “strong-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 and upped their price target for the stock from C$71.00 to C$84.00 in a report on Tuesday, November 19th. Finally, BMO Capital Markets boosted their price objective on Bank of Nova Scotia from C$72.00 to C$84.00 in a research report on Monday, November 18th. Nine equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$78.33.

Bank of Nova Scotia Trading Down 0.0 %

Shares of Bank of Nova Scotia stock opened at C$72.40 on Tuesday. Bank of Nova Scotia has a 12-month low of C$60.68 and a 12-month high of C$80.14. The firm’s 50 day simple moving average is C$74.97 and its two-hundred day simple moving average is C$72.59. The firm has a market capitalization of C$88.72 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.33 and a beta of 0.97.

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.