Bank of Nova Scotia (TSE:BNS) Price Target Raised to C$100.00 at CIBC

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective raised by investment analysts at CIBC from C$93.00 to C$100.00 in a report issued on Wednesday,BayStreet.CA reports. CIBC’s price objective would suggest a potential upside of 6.84% from the company’s previous close.

A number of other research analysts also recently weighed in on BNS. Desjardins raised their target price on shares of Bank of Nova Scotia from C$79.00 to C$85.00 and gave the company a “hold” rating in a research report on Wednesday, August 27th. Bank of America raised their target price on Bank of Nova Scotia from C$78.00 to C$88.00 in a report on Wednesday, August 27th. Jefferies Financial Group boosted their price target on Bank of Nova Scotia from C$83.00 to C$86.00 in a report on Wednesday, August 27th. Barclays boosted their price objective on Bank of Nova Scotia from C$81.00 to C$86.00 in a report on Wednesday, August 27th. Finally, Canaccord Genuity Group boosted their price target on shares of Bank of Nova Scotia from C$87.00 to C$90.00 and gave the stock a “buy” rating in a report on Wednesday, August 27th. Three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Bank of Nova Scotia currently has an average rating of “Hold” and a consensus target price of C$87.36.

Bank of Nova Scotia Trading Down 1.3%

BNS traded down C$1.20 during midday trading on Wednesday, reaching C$93.60. The company’s stock had a trading volume of 1,730,490 shares, compared to its average volume of 4,759,858. The stock has a market cap of C$116.29 billion, a P/E ratio of 17.90, a PEG ratio of 1.33 and a beta of 1.33. Bank of Nova Scotia has a twelve month low of C$62.57 and a twelve month high of C$95.35. The company has a fifty day simple moving average of C$90.79 and a 200 day simple moving average of C$81.30.

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.