The Bank of Nova Scotia Receives Consensus Recommendation of “Buy” from Analysts (NYSE:BNS)
The Bank of Nova Scotia (NYSE:BNS) has been given an average rating of “Buy” by the twelve ratings firms that are covering the company, Analyst Ratings Network.com reports. Three equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $68.50.
Shares of The Bank of Nova Scotia (NYSE:BNS) opened at 67.14 on Wednesday. The Bank of Nova Scotia has a 1-year low of $53.94 and a 1-year high of $68.71. The stock has a 50-day moving average of $67.31 and a 200-day moving average of $62.22. The company has a market cap of $81.688 billion and a P/E ratio of 13.69.
Several analysts have recently commented on the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of The Bank of Nova Scotia in a research note on Tuesday, August 19th. 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) is a diversified financial institution.
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