Bank of Nova Scotia (TSE:BNS) PT Set at C$108.00 by Raymond James Financial

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) has been given a C$108.00 target price by research analysts at Raymond James Financial in a report issued on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the bank’s stock. Raymond James Financial’s price target indicates a potential upside of 13.05% from the stock’s current price.

Several other research firms have also issued reports on BNS. Royal Bank Of Canada increased their target price on Bank of Nova Scotia from C$80.00 to C$86.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 27th. Desjardins upped their price objective on shares of Bank of Nova Scotia from C$79.00 to C$85.00 and gave the stock a “hold” rating in a research report on Wednesday, August 27th. TD Securities raised their target price on shares of Bank of Nova Scotia from C$93.00 to C$99.00 in a report on Monday, November 10th. Jefferies Financial Group boosted their target price on shares of Bank of Nova Scotia from C$83.00 to C$86.00 in a research report on Wednesday, August 27th. Finally, National Bankshares set a C$81.00 price target on shares of Bank of Nova Scotia and gave the stock a “sector perform” rating in a research report on Monday, September 22nd. Four research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Bank of Nova Scotia has an average rating of “Hold” and an average price target of C$90.67.

Bank of Nova Scotia Stock Performance

Shares of BNS stock traded up C$1.57 during trading on Tuesday, hitting C$95.53. The company had a trading volume of 1,926,972 shares, compared to its average volume of 4,748,361. The firm has a market capitalization of C$118.69 billion, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 1.33 and a beta of 1.33. Bank of Nova Scotia has a one year low of C$62.57 and a one year high of C$95.57. The stock’s 50-day moving average price is C$91.23 and its 200 day moving average price is C$81.99.

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.