Bank of Nova Scotia (TSE:BNS) Given a C$81.00 Price Target at TD Securities

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) received a C$81.00 price target from equities research analysts at TD Securities in a report released on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the bank’s stock. TD Securities’ price objective would indicate a potential upside of 15.27% from the company’s previous close.

A number of other brokerages have also weighed in on BNS. National Bankshares raised their price objective on shares of Bank of Nova Scotia from C$66.00 to C$78.00 in a report on Wednesday, November 20th. Accountability Research set a C$82.00 target price on shares of Bank of Nova Scotia and gave the company a “buy” rating in a report on Thursday, January 9th. BMO Capital Markets boosted 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. UBS Group raised shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a report on Monday, November 18th. Finally, Cibc World Mkts lowered Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$79.09.

Bank of Nova Scotia Price Performance

Shares of Bank of Nova Scotia stock traded down C$1.37 on Tuesday, reaching C$70.27. 2,757,679 shares of the company were exchanged, compared to its average volume of 4,438,940. The stock’s 50 day moving average price is C$74.04 and its 200-day moving average price is C$73.20. The company has a market cap of C$86.11 billion, a P/E ratio of 11.10, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. 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.