The Bank of Nova Scotia (TSE: BNS) was downgraded by equities researchers at TD Securities from an “action list buy” rating to a “buy” rating in a report issued on Wednesday.

Shares of The Bank of Nova Scotia traded down 0.33% during mid-day trading on Wednesday, hitting $61.12. The Bank of Nova Scotia has a 52 week low of $50.26 and a 52 week high of $61.84. The stock’s 50-day moving average is currently $59.12. The company has a market cap of $72.406 billion and a P/E ratio of 11.55.

Other equities research analysts have also recently issued reports about the stock. Analysts at Scotiabank raised their price target on shares of The Bank of Nova Scotia from $65.00 to $70.00 in a research note to investors on Wednesday. They now have a “sector perform” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of The Bank of Nova Scotia from $63.00 to $67.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at National Bank Financial raised their price target on shares of The Bank of Nova Scotia from $64.00 to $68.00 in a research note to investors on Wednesday.

The Bank of Nova Scotia (the Bank) is a diversified financial institution. As of October 31, 2011, the Bank offered a range of products and services, including retail, commercial, corporate and investment banking to more than 18.

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