Bank of Nova Scotia (TSE:BNS) PT Set at C$108.00 by Raymond James Financial

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) received a C$108.00 target price from equities research analysts at Raymond James Financial in a research report issued on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the bank’s stock. Raymond James Financial’s target price suggests a potential upside of 13.05% from the company’s previous close.

Several other research analysts have also recently weighed in on BNS. Canaccord Genuity Group upped their price target on shares of Bank of Nova Scotia from C$87.00 to C$90.00 and gave the company a “buy” rating in a report on Wednesday, August 27th. Royal Bank Of Canada upped their target price on shares of Bank of Nova Scotia from C$80.00 to C$86.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 27th. Barclays lifted their price target on Bank of Nova Scotia from C$86.00 to C$95.00 and gave the company an “equal weight” rating in a research note on Monday. Bank of America boosted their price target on Bank of Nova Scotia from C$78.00 to C$88.00 in a report on Wednesday, August 27th. Finally, CIBC lifted their target price on Bank of Nova Scotia from C$93.00 to C$100.00 in a research report on Wednesday, November 19th. Four analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$90.67.

Bank of Nova Scotia Price Performance

Shares of Bank of Nova Scotia stock traded up C$1.57 on Tuesday, hitting C$95.53. 1,926,972 shares of the company’s stock traded hands, compared to its average volume of 4,748,361. The firm’s 50-day moving average price is C$91.23 and its two-hundred day moving average price is C$81.99. The stock has a market capitalization of C$118.69 billion, a PE ratio of 18.27, a price-to-earnings-growth ratio of 1.33 and a beta of 1.33. Bank of Nova Scotia has a one year low of C$62.57 and a one year high of C$95.57.

About Bank of Nova Scotia

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.