Royal Bank of Canada Issues Positive Forecast for Bank of Nova Scotia (TSE:BNS) Stock Price

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price target raised by equities research analysts at Royal Bank of Canada from C$74.00 to C$83.00 in a note issued to investors 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 points to a potential upside of 11.23% from the stock’s previous close.

Other research analysts have also issued reports about the company. TD Securities cut their price objective on Bank of Nova Scotia from C$82.00 to C$81.00 and set a “buy” rating on the stock in a research report on Wednesday, December 4th. Bank of America raised Bank of Nova Scotia from a “neutral” rating to a “buy” rating and boosted their price target for the stock from C$73.00 to C$90.00 in a research report on Tuesday, November 19th. 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 report on Monday, November 18th. CIBC boosted their target price on shares of Bank of Nova Scotia from C$82.00 to C$84.00 in a research report on Tuesday, November 26th. Finally, Barclays raised shares of Bank of Nova Scotia from a “strong sell” rating to a “hold” rating in a report on Thursday, November 21st. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$77.92.

Bank of Nova Scotia Trading Up 0.4 %

Shares of BNS stock opened at C$74.62 on Wednesday. The company has a market cap of C$92.53 billion, a PE ratio of 13.07, a P/E/G ratio of 1.33 and a beta of 0.97. The company’s fifty day simple moving average is C$76.91 and its 200-day simple moving average is C$70.49. Bank of Nova Scotia has a 52 week low of C$60.68 and a 52 week high of C$80.14.

About Bank of Nova Scotia

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.