Royal Bank of Canada Boosts Bank of Nova Scotia (BNS) Price Target to C$92.00
Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective upped by equities research analysts at Royal Bank of Canada from C$91.00 to C$92.00 in a note issued to investors on Wednesday. Royal Bank of Canada’s price target suggests a potential upside of 18.50% from the company’s previous close.
Several other research analysts also recently weighed in on BNS. Canaccord Genuity increased their price target on Bank of Nova Scotia from C$88.00 to C$92.00 in a research note on Wednesday, November 1st. CIBC increased their price target on Bank of Nova Scotia from C$87.00 to C$93.00 in a research note on Monday, November 13th. Citigroup raised their target price on Bank of Nova Scotia from C$90.00 to C$93.00 in a research note on Friday, November 17th. BMO Capital Markets restated an “outperform” rating and issued a C$85.00 target price on shares of Bank of Nova Scotia in a research note on Wednesday, November 29th. Finally, Scotiabank cut their target price on Bank of Nova Scotia from C$95.00 to C$94.00 and set an “outperform” rating for the company in a research note on Wednesday, November 29th. Eight investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average price target of C$89.25.
Bank of Nova Scotia (TSE BNS) traded up C$0.77 during mid-day trading on Wednesday, hitting C$77.64. The stock had a trading volume of 1,063,479 shares, compared to its average volume of 2,183,530. The company has a market cap of $92,210.00, a P/E ratio of 11.96 and a beta of 0.86. Bank of Nova Scotia has a 12 month low of C$73.31 and a 12 month high of C$85.50.
In other Bank of Nova Scotia news, insider Barbara Frances Mason sold 20,000 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of C$82.60, for a total value of C$1,652,000.00.
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Bank of Nova Scotia Company Profile
The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank 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.
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