Jefferies Financial Group Cuts Bank of Nova Scotia (TSE:BNS) Price Target to C$77.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective dropped by equities research analysts at Jefferies Financial Group from C$81.00 to C$77.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Jefferies Financial Group’s target price suggests a potential upside of 6.43% from the company’s current price.

BNS has been the subject of several other research reports. Accountability Research set a C$82.00 target price on Bank of Nova Scotia and gave the stock a “buy” rating in a research note on Thursday, January 9th. Bank of America raised Bank of Nova Scotia from a “neutral” rating to a “buy” rating and increased their price objective for the company from C$73.00 to C$90.00 in a research note on Tuesday, November 19th. CIBC increased their price objective on Bank of Nova Scotia from C$82.00 to C$84.00 in a research note on Tuesday, November 26th. Canaccord Genuity Group raised Bank of Nova Scotia from a “hold” rating to a “buy” rating and increased their price objective for the company from C$71.00 to C$84.00 in a research note on Tuesday, November 19th. Finally, BMO Capital Markets increased their price objective on Bank of Nova Scotia from C$72.00 to C$84.00 in a research note on Monday, November 18th. Eight 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$78.33.

Bank of Nova Scotia Stock Performance

BNS traded down C$0.24 during midday trading on Tuesday, hitting C$72.35. The stock had a trading volume of 956,675 shares, compared to its average volume of 4,536,920. The company has a market cap of C$88.66 billion, a P/E ratio of 11.43, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. The business has a fifty day moving average of C$75.24 and a 200 day moving average of C$72.59. Bank of Nova Scotia has a 1 year low of C$60.68 and a 1 year high of C$80.14.

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.