Bank of Nova Scotia (TSE:BNS) PT Set at C$81.00 by TD Securities

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) received a C$81.00 target price from equities research analysts at TD Securities in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the bank’s stock. TD Securities’ target price suggests a potential upside of 15.27% from the company’s current price.

BNS has been the subject of a number of other reports. BMO Capital Markets boosted their target price on shares of Bank of Nova Scotia from C$72.00 to C$84.00 in a report on Monday, November 18th. Canaccord Genuity Group raised Bank of Nova Scotia from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$71.00 to C$84.00 in a research report on Tuesday, November 19th. Accountability Research set a C$82.00 price objective on Bank of Nova Scotia and gave the company a “buy” rating in a report on Thursday, January 9th. Cibc World Mkts downgraded Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Finally, Royal Bank of Canada reduced their price target on shares of Bank of Nova Scotia from C$83.00 to C$81.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 26th. Eight analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$79.09.

Bank of Nova Scotia Stock Performance

BNS traded down C$1.37 during trading on Tuesday, hitting C$70.27. 2,757,679 shares of the stock were exchanged, compared to its average volume of 4,438,940. Bank of Nova Scotia has a 1 year low of C$60.68 and a 1 year high of C$80.14. The firm has a market cap of C$86.11 billion, a price-to-earnings ratio of 11.10, a P/E/G ratio of 1.33 and a beta of 0.97. The firm has a 50 day simple moving average of C$74.04 and a 200 day simple moving average of C$73.20.

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.