Bank of Nova Scotia (TSE:BNS) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target upped by investment analysts at Jefferies Financial Group from C$86.00 to C$96.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. Jefferies Financial Group’s target price would indicate a potential downside of 0.91% from the company’s previous close.

Other analysts also recently issued reports about the stock. Raymond James Financial set a C$108.00 price target on shares of Bank of Nova Scotia and gave the stock an “outperform” rating in a research note on Tuesday. Barclays lifted their price objective on Bank of Nova Scotia from C$86.00 to C$95.00 and gave the stock an “equal weight” rating in a report on Monday. TD Securities increased their target price on Bank of Nova Scotia from C$93.00 to C$99.00 in a report on Monday, November 10th. Bank of America raised their price target on Bank of Nova Scotia from C$78.00 to C$88.00 in a research report on Wednesday, August 27th. Finally, Canaccord Genuity Group lifted their price target on 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. Four analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$90.67.

Bank of Nova Scotia Stock Performance

Shares of BNS opened at C$96.88 on Tuesday. Bank of Nova Scotia has a fifty-two week low of C$62.57 and a fifty-two week high of C$96.88. The firm has a market cap of C$120.37 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 1.33 and a beta of 1.33. The firm has a 50 day moving average price of C$91.52 and a 200-day moving average price of C$82.27.

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.