Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) received a C$78.00 price objective from research analysts at CSFB in a research report issued on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the bank’s stock. CSFB’s price target would suggest a potential upside of 9.11% from the company’s previous close.
A number of other brokerages have also weighed in on BNS. National Bank Financial reduced their price target on shares of Bank of Nova Scotia from C$80.00 to C$78.00 in a research note on Wednesday, February 27th. CIBC lowered shares of Bank of Nova Scotia from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from C$86.00 to C$81.00 in a research note on Wednesday, February 27th. Canaccord Genuity reduced their price target on shares of Bank of Nova Scotia from C$76.00 to C$74.00 in a research note on Wednesday. BMO Capital Markets reissued an “outperform” rating and set a C$82.00 target price on shares of Bank of Nova Scotia in a research note on Wednesday, February 27th. Finally, Desjardins cut their target price on shares of Bank of Nova Scotia from C$83.00 to C$81.00 in a research note on Wednesday, February 27th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of C$83.08.
Shares of TSE:BNS traded up C$0.39 during trading on Thursday, reaching C$71.49. The company had a trading volume of 968,615 shares, compared to its average volume of 2,708,661. The firm has a market cap of $87.49 billion and a P/E ratio of 10.72. Bank of Nova Scotia has a twelve month low of C$66.36 and a twelve month high of C$80.79.
About Bank of Nova Scotia
The Bank of Nova Scotia provides various banking products and services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific. The company offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and related creditor insurance to individuals and small businesses; and commercial banking solutions comprising lending, deposit, cash management, and trade finance solutions to medium and large businesses, including automotive dealers and their customers.
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