Bank of Nova Scotia (TSE:BNS) Cut to Hold at Canaccord Genuity Group

Canaccord Genuity Group downgraded shares of Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) from a buy rating to a hold rating in a research report released on Monday, MarketBeat.com reports. They currently have C$110.00 price target on the bank’s stock, down from their prior price target of C$118.00.

BNS has been the topic of several other reports. Desjardins raised their price objective on shares of Bank of Nova Scotia from C$106.00 to C$107.00 and gave the company a “hold” rating in a research report on Wednesday, February 25th. UBS Group increased their price target on Bank of Nova Scotia from C$118.00 to C$120.00 in a research note on Wednesday, February 25th. TD Securities cut Bank of Nova Scotia from a “buy” rating to a “hold” rating and decreased their price target for the company from C$112.00 to C$111.00 in a report on Tuesday, March 3rd. BMO Capital Markets boosted their price objective on Bank of Nova Scotia from C$98.00 to C$101.00 and gave the company a “market perform” rating in a research report on Wednesday, February 25th. Finally, Jefferies Financial Group upped their price objective on Bank of Nova Scotia from C$97.00 to C$104.00 in a research note on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Bank of Nova Scotia currently has a consensus rating of “Hold” and an average target price of C$106.75.

Bank of Nova Scotia Trading Down 0.3%

TSE BNS opened at C$96.94 on Monday. Bank of Nova Scotia has a 12 month low of C$62.57 and a 12 month high of C$106.39. The stock has a market cap of C$119.48 billion, a price-to-earnings ratio of 14.38, a PEG ratio of 1.33 and a beta of 1.16. The company’s 50 day moving average is C$102.21 and its two-hundred day moving average is C$96.10.

Insider Transactions at Bank of Nova Scotia

In other Bank of Nova Scotia news, insider Julie Walsh sold 3,716 shares of the business’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of C$100.62, for a total value of C$373,903.92. Following the sale, the insider owned 1,430 shares in the company, valued at C$143,886.60. The trade was a 72.21% decrease in their position. Corporate insiders own 0.03% of the company’s stock.

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.