Bank of Nova Scotia (NYSE:BNS) (TSE:BNS)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity in a research note issued to investors on Tuesday. They currently have a $93.00 target price on the bank’s stock. Canaccord Genuity’s price objective points to a potential upside of 45.31% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Zacks Investment Research lowered Bank of Nova Scotia from a “buy” rating to a “sell” rating in a research note on Tuesday, October 31st. Scotiabank reissued a “buy” rating and issued a $95.00 target price on shares of Bank of Nova Scotia in a research note on Wednesday, November 22nd. Citigroup raised Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 20th. BidaskClub lowered Bank of Nova Scotia from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Macquarie started coverage on Bank of Nova Scotia in a research note on Tuesday, October 24th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. Bank of Nova Scotia presently has a consensus rating of “Buy” and a consensus price target of $85.80.

Shares of Bank of Nova Scotia (BNS) traded up $0.10 on Tuesday, hitting $64.00. The stock had a trading volume of 456,265 shares, compared to its average volume of 695,039. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.10. Bank of Nova Scotia has a twelve month low of $53.86 and a twelve month high of $66.78. The firm has a market capitalization of $77,038.66, a price-to-earnings ratio of 12.82, a PEG ratio of 1.54 and a beta of 1.26.

Several institutional investors have recently made changes to their positions in BNS. NGAM Advisors L.P. increased its holdings in shares of Bank of Nova Scotia by 5.3% in the second quarter. NGAM Advisors L.P. now owns 19,257 shares of the bank’s stock worth $1,158,000 after acquiring an additional 975 shares in the last quarter. Sei Investments Co. bought a new stake in shares of Bank of Nova Scotia in the second quarter worth about $3,050,000. IFP Advisors Inc increased its holdings in shares of Bank of Nova Scotia by 46.7% in the second quarter. IFP Advisors Inc now owns 2,077 shares of the bank’s stock worth $125,000 after acquiring an additional 661 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Bank of Nova Scotia by 787.4% in the second quarter. Canada Pension Plan Investment Board now owns 2,312,474 shares of the bank’s stock worth $138,905,000 after acquiring an additional 2,051,874 shares in the last quarter. Finally, Wetherby Asset Management Inc. increased its holdings in shares of Bank of Nova Scotia by 2.0% in the second quarter. Wetherby Asset Management Inc. now owns 14,714 shares of the bank’s stock worth $885,000 after acquiring an additional 285 shares in the last quarter. Institutional investors own 47.01% of the company’s stock.

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Bank of Nova Scotia Company Profile

The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

Analyst Recommendations for Bank of Nova Scotia (NYSE:BNS)

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