National Bankshares Raises Bank of Nova Scotia (TSE:BNS) Price Target to C$73.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target boosted by stock analysts at National Bankshares from C$72.00 to C$73.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the bank’s stock. National Bankshares’ target price would suggest a potential downside of 6.97% from the company’s current price.

A number of other research firms also recently issued reports on BNS. Desjardins increased their price objective on Bank of Nova Scotia from C$77.00 to C$79.00 and gave the stock a “hold” rating in a report on Wednesday. Barclays increased their price target on shares of Bank of Nova Scotia from C$78.00 to C$81.00 and gave the stock an “equal weight” rating in a research note on Thursday. Canaccord Genuity Group boosted their price objective on shares of Bank of Nova Scotia from C$81.00 to C$85.00 in a research note on Tuesday, July 22nd. Royal Bank Of Canada cut their price objective on shares of Bank of Nova Scotia from C$81.00 to C$80.00 and set a “sector perform” rating on the stock in a report on Monday, June 9th. Finally, TD Securities lifted their target price on shares of Bank of Nova Scotia from C$77.00 to C$79.00 and gave the company a “buy” rating in a report on Wednesday, May 28th. Ten research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Bank of Nova Scotia currently has a consensus rating of “Hold” and a consensus price target of C$78.57.

Bank of Nova Scotia Stock Up 0.3%

BNS opened at C$78.47 on Friday. Bank of Nova Scotia has a 52 week low of C$62.57 and a 52 week high of C$80.14. The stock has a market cap of C$96.16 billion, a PE ratio of 12.40, a PEG ratio of 1.33 and a beta of 0.97. The business has a 50 day moving average of C$75.71 and a 200-day moving average of C$71.90.

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.