Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price boosted by research analysts at Royal Bank of Canada from C$91.00 to C$92.00 in a report released on Wednesday. Royal Bank of Canada’s target price indicates a potential upside of 18.36% from the company’s previous close.
Other analysts also recently issued reports about the company. National Bank Financial increased their target price on Bank of Nova Scotia from C$86.00 to C$88.00 and gave the company an “outperform” rating in a research note on Wednesday, November 29th. BMO Capital Markets reiterated an “outperform” rating and set a C$85.00 target price on shares of Bank of Nova Scotia in a research note on Wednesday, November 29th. CIBC increased their target price on Bank of Nova Scotia from C$87.00 to C$93.00 in a research note on Monday, November 13th. Canaccord Genuity increased their target price on Bank of Nova Scotia from C$88.00 to C$92.00 in a research note on Wednesday, November 1st. Finally, Scotiabank cut their target price on Bank of Nova Scotia from C$95.00 to C$94.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 29th. Eight investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of C$89.25.
Shares of Bank of Nova Scotia (BNS) traded up C$0.86 on Wednesday, reaching C$77.73. The company’s stock had a trading volume of 2,523,278 shares, compared to its average volume of 2,231,929. Bank of Nova Scotia has a 1-year low of C$73.31 and a 1-year high of C$85.50. The stock has a market cap of $93,250.00, a P/E ratio of 11.98 and a beta of 0.86.
In other news, insider Barbara Frances Mason sold 20,000 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of C$82.60, for a total transaction of C$1,652,000.00.
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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.
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