The Bank of Nova Scotia (TSE:BNS) Receives C$106.75 Consensus Target Price from Brokerages

The Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has received a consensus rating of “Hold” from the eleven ratings firms that are covering the firm, Marketbeat reports. Ten research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$106.75.

A number of equities analysts recently commented on the company. Canadian Imperial Bank of Commerce raised their target price on Bank of Nova Scotia from C$108.00 to C$109.00 in a report on Thursday, March 5th. Raymond James Financial boosted their price target on Bank of Nova Scotia from C$114.00 to C$117.00 and gave the company an “outperform” rating in a report on Wednesday, February 25th. Jefferies Financial Group upped their price target on Bank of Nova Scotia from C$97.00 to C$104.00 in a research report on Wednesday, February 11th. UBS Group raised their price objective on Bank of Nova Scotia from C$118.00 to C$120.00 in a research note on Wednesday, February 25th. Finally, Desjardins lifted their price objective on 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.

Bank of Nova Scotia Price Performance

Shares of Bank of Nova Scotia stock opened at C$94.38 on Wednesday. Bank of Nova Scotia has a 1-year low of C$62.57 and a 1-year high of C$106.39. The company’s fifty day simple moving average is C$101.93 and its 200-day simple moving average is C$96.35. The stock has a market capitalization of C$116.33 billion, a PE ratio of 14.00, a P/E/G ratio of 1.33 and a beta of 1.16.

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.