TD Securities Cuts Bank of Nova Scotia (TSE:BNS) Price Target to C$81.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective dropped by equities research analysts at TD Securities from C$82.00 to C$81.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the bank’s stock. TD Securities’ price target indicates a potential upside of 4.14% from the company’s current price.

Several other equities analysts have also issued reports on BNS. UBS Group upgraded Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 18th. Barclays upgraded Bank of Nova Scotia from a “strong sell” rating to a “hold” rating in a report on Thursday, November 21st. Bank of America upgraded shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating and upped their target price for the stock from C$73.00 to C$90.00 in a research note on Tuesday, November 19th. CIBC boosted their target price on Bank of Nova Scotia from C$82.00 to C$84.00 in a report on Tuesday, November 26th. Finally, National Bankshares boosted their price target on Bank of Nova Scotia from C$66.00 to C$78.00 in a research report on Wednesday, November 20th. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$76.73.

Bank of Nova Scotia Stock Performance

BNS traded up C$0.68 during trading on Wednesday, reaching C$77.78. 1,614,811 shares of the company traded hands, compared to its average volume of 4,262,035. The firm has a fifty day simple moving average of C$74.45 and a 200 day simple moving average of C$68.22. Bank of Nova Scotia has a 12-month low of C$59.62 and a 12-month high of C$80.14. The company has a market cap of C$96.45 billion, a P/E ratio of 13.63, a PEG ratio of 1.33 and a beta of 0.97.

Bank of Nova Scotia Company Profile

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.