Analysts Set The Bank of Nova Scotia (TSE:BNS) PT at C$106.75

Shares of The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) have received an average rating of “Hold” from the eleven brokerages that are covering the firm, Marketbeat.com reports. Ten research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$106.75.

BNS has been the topic of a number of research reports. Jefferies Financial Group raised their target price on shares of Bank of Nova Scotia from C$97.00 to C$104.00 in a research report on Wednesday, February 11th. Canaccord Genuity Group downgraded shares of Bank of Nova Scotia from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$118.00 to C$110.00 in a research report on Monday, March 9th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Bank of Nova Scotia from C$108.00 to C$109.00 in a research report on Thursday, March 5th. Raymond James Financial increased their price objective on shares of Bank of Nova Scotia from C$114.00 to C$117.00 and gave the company an “outperform” rating in a research note on Wednesday, February 25th. Finally, Royal Bank Of Canada raised their target price on shares of Bank of Nova Scotia from C$97.00 to C$106.00 and gave the company a “sector perform” rating in a report on Wednesday, February 25th.

Bank of Nova Scotia Stock Performance

Shares of BNS opened at C$96.19 on Wednesday. Bank of Nova Scotia has a 1 year low of C$62.57 and a 1 year high of C$106.39. The stock has a market capitalization of C$118.56 billion, a PE ratio of 14.27, a P/E/G ratio of 1.33 and a beta of 1.16. The company’s 50-day simple moving average is C$101.72 and its 200-day simple moving average is C$96.50.

Bank of Nova Scotia Company Profile

Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. The bank’s international operations span numerous countries and are more concentrated in Central and South America.