Royal Bank Of Canada Lowers Bank of Nova Scotia (TSE:BNS) Price Target to C$98.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price lowered by analysts at Royal Bank Of Canada from C$106.00 to C$98.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the bank’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 3.14% from the stock’s previous close.

BNS has been the topic of a number of other research reports. National Bank Financial decreased their target price on shares of Bank of Nova Scotia from C$102.00 to C$100.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 25th. BMO Capital Markets lifted their price target on shares of Bank of Nova Scotia from C$98.00 to C$101.00 and gave the company a “market perform” rating in a research report on Wednesday, February 25th. Jefferies Financial Group boosted their price target on Bank of Nova Scotia from C$97.00 to C$104.00 in a research note on Wednesday, February 11th. Barclays increased their price target on Bank of Nova Scotia from C$106.00 to C$108.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 25th. Finally, Raymond James Financial raised their price objective on Bank of Nova Scotia from C$114.00 to C$117.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 25th. One analyst has rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$106.08.

Bank of Nova Scotia Stock Performance

Shares of Bank of Nova Scotia stock opened at C$95.02 on Wednesday. The firm has a 50-day moving average of C$100.92 and a 200-day moving average of C$96.77. The stock has a market cap of C$117.11 billion, a PE ratio of 14.10, a PEG ratio of 1.33 and a beta of 1.16. Bank of Nova Scotia has a 52-week low of C$62.57 and a 52-week high of C$106.39.

Bank of Nova Scotia Company Profile

Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It 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. The bank’s international operations span numerous countries and are more concentrated in Central and South America.