The Bank of Nova Scotia Receives Consensus Recommendation of “Buy” from Brokerages (NYSE:BNS)
The Bank of Nova Scotia (NYSE:BNS) has been given a consensus recommendation of “Buy” by the twelve analysts that are currently covering the company, ARN reports. Three equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $68.50.
BNS has been the subject of a number of recent research reports. Analysts at Barclays reiterated an “equal weight” rating on shares of The Bank of Nova Scotia in a research note on Tuesday. They now have a $74.00 price target on the stock, up previously from $72.00. Separately, analysts at CIBC upgraded shares of The Bank of Nova Scotia from a “sector perform” rating to an “outperform” rating in a research note on Friday, May 30th. Finally, analysts at Scotiabank reiterated a “sector outperform” rating on shares of The Bank of Nova Scotia in a research note on Wednesday, May 28th.
The Bank of Nova Scotia (NYSE:BNS) traded up 0.15% during mid-day trading on Wednesday, hitting $66.97. The stock had a trading volume of 69,571 shares. The Bank of Nova Scotia has a 52-week low of $53.94 and a 52-week high of $68.71. The stock’s 50-day moving average is $67.3 and its 200-day moving average is $62.06. The company has a market cap of $81.481 billion and a price-to-earnings ratio of 13.50.
The Bank of Nova Scotia (NYSE:BNS) is a diversified financial institution.
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