Royal Bank of Canada Raises Bank of Nova Scotia (TSE:BNS) Price Target to C$83.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target boosted by equities researchers at Royal Bank of Canada from C$74.00 to C$83.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the bank’s stock. Royal Bank of Canada’s target price suggests a potential upside of 11.23% from the company’s previous close.

Several other research firms also recently weighed in on BNS. Bank of America raised Bank of Nova Scotia from a “neutral” rating to a “buy” rating and raised their price objective for the company from C$73.00 to C$90.00 in a research note on Tuesday, November 19th. CIBC lifted their price target on Bank of Nova Scotia from C$82.00 to C$84.00 in a research note on Tuesday, November 26th. BMO Capital Markets increased their price objective on shares of Bank of Nova Scotia from C$72.00 to C$84.00 in a research note on Monday, November 18th. National Bankshares lifted their target price on shares of Bank of Nova Scotia from C$66.00 to C$78.00 in a research report on Wednesday, November 20th. Finally, Canaccord Genuity Group upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating and increased their price target for the company from C$71.00 to C$84.00 in a research report on Tuesday, November 19th. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$77.92.

Bank of Nova Scotia Trading Up 0.4 %

Shares of BNS opened at C$74.62 on Wednesday. Bank of Nova Scotia has a twelve month low of C$60.68 and a twelve month high of C$80.14. The firm has a market capitalization of C$92.53 billion, a P/E ratio of 13.07, a PEG ratio of 1.33 and a beta of 0.97. The firm’s 50-day moving average is C$76.91 and its two-hundred day moving average is C$70.49.

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.