Bank of Nova Scotia (TSE:BNS) Price Target Cut to C$98.00 by Analysts at Royal Bank Of Canada

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target trimmed by Royal Bank Of Canada from C$106.00 to C$98.00 in a research note published on Wednesday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the bank’s stock.

BNS has been the topic of a number of other reports. Canadian Imperial Bank of Commerce raised their price objective on Bank of Nova Scotia from C$108.00 to C$109.00 in a research note on Thursday, March 5th. UBS Group increased their target price on Bank of Nova Scotia from C$118.00 to C$120.00 in a report on Wednesday, February 25th. Desjardins raised their price target on Bank of Nova Scotia from C$106.00 to C$107.00 and gave the stock a “hold” rating in a research report on Wednesday, February 25th. BMO Capital Markets lifted their price target on Bank of Nova Scotia from C$98.00 to C$101.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 25th. Finally, Barclays lifted their price target on Bank of Nova Scotia from C$106.00 to C$108.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Bank of Nova Scotia has a consensus rating of “Hold” and a consensus price target of C$106.08.

Bank of Nova Scotia Stock Up 1.0%

Shares of TSE:BNS opened at C$96.63 on Wednesday. The stock has a market cap of C$119.09 billion, a PE ratio of 14.34, a PEG ratio of 1.33 and a beta of 1.16. The company’s fifty day moving average is C$101.06 and its 200 day moving average is C$96.78. Bank of Nova Scotia has a 52 week low of C$62.57 and a 52 week high of C$106.39.

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.