Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$83.00 at Royal Bank of Canada

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective increased by Royal Bank of Canada from C$74.00 to C$83.00 in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the bank’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 11.63% from the stock’s previous close.

Other research analysts have also issued research reports about the company. BMO Capital Markets raised their price objective on Bank of Nova Scotia from C$72.00 to C$84.00 in a research report on Monday, November 18th. UBS Group raised shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 18th. CIBC lifted their target price on Bank of Nova Scotia from C$82.00 to C$84.00 in a research report on Tuesday, November 26th. National Bankshares boosted their price target on Bank of Nova Scotia from C$66.00 to C$78.00 in a report on Wednesday, November 20th. Finally, Barclays upgraded Bank of Nova Scotia from a “strong sell” rating to a “hold” rating in a report on Thursday, November 21st. Seven research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$77.55.

Bank of Nova Scotia Stock Down 0.5 %

TSE:BNS traded down C$0.36 during trading hours on Wednesday, hitting C$74.35. 2,624,156 shares of the stock traded hands, compared to its average volume of 7,408,255. The company has a market cap of C$92.19 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. Bank of Nova Scotia has a 1 year low of C$60.68 and a 1 year high of C$80.14. The stock has a 50 day moving average price of C$76.83 and a 200 day moving average price of C$70.38.

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.