Bank of Nova Scotia (TSE:BNS) Price Target Lowered to C$71.00 at National Bankshares

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target reduced by analysts at National Bankshares from C$78.00 to C$71.00 in a report released on Monday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the bank’s stock. National Bankshares’ price objective points to a potential upside of 10.04% from the company’s previous close.

A number of other research firms have also commented on BNS. Accountability Research set a C$82.00 price target on Bank of Nova Scotia and gave the stock a “buy” rating in a research report on Thursday, January 9th. Jefferies Financial Group reduced their target price on Bank of Nova Scotia from C$81.00 to C$77.00 in a report on Tuesday, February 18th. Cibc World Mkts cut Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. CIBC lowered their target price on Bank of Nova Scotia from C$81.00 to C$75.00 in a report on Wednesday, March 5th. Finally, Bank of America lowered shares of Bank of Nova Scotia from a “buy” rating to a “neutral” rating and lowered their price target for the company from C$82.00 to C$70.00 in a research note on Monday, March 31st. Nine analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Bank of Nova Scotia has an average rating of “Hold” and an average target price of C$76.09.

Bank of Nova Scotia Stock Down 3.0 %

Bank of Nova Scotia stock traded down C$2.02 during mid-day trading on Monday, reaching C$64.52. The company had a trading volume of 7,155,119 shares, compared to its average volume of 5,145,218. The company has a 50 day moving average of C$70.88 and a 200-day moving average of C$73.60. Bank of Nova Scotia has a 52 week low of C$60.68 and a 52 week high of C$80.14. The firm has a market cap of C$79.07 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 1.33 and a beta of 0.97.

About Bank of Nova Scotia

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.