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

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has been assigned a C$108.00 price objective by Raymond James Financial in a report issued on Tuesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the bank’s stock. Raymond James Financial’s price target would indicate a potential upside of 11.48% from the company’s current price.

Several other analysts have also weighed in on the stock. Jefferies Financial Group lifted their price objective on shares of Bank of Nova Scotia from C$83.00 to C$86.00 in a research note on Wednesday, August 27th. Canaccord Genuity Group increased their target price on shares of Bank of Nova Scotia from C$87.00 to C$90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 27th. Royal Bank Of Canada lifted their price target on shares of Bank of Nova Scotia from C$80.00 to C$86.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 27th. Barclays upped their price objective on shares of Bank of Nova Scotia from C$86.00 to C$95.00 and gave the company an “equal weight” rating in a report on Monday. Finally, CIBC raised their target price on Bank of Nova Scotia from C$93.00 to C$100.00 in a research note on Wednesday, November 19th. Four analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bank of Nova Scotia presently has a consensus rating of “Hold” and a consensus price target of C$90.67.

Bank of Nova Scotia Stock Performance

Shares of BNS stock opened at C$96.88 on Tuesday. The company has a market cap of C$120.37 billion, a P/E ratio of 18.52, a PEG ratio of 1.33 and a beta of 1.33. The stock has a 50 day simple moving average of C$91.52 and a two-hundred day simple moving average of C$82.27. Bank of Nova Scotia has a fifty-two week low of C$62.57 and a fifty-two week high of C$96.88.

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.