Bank of Nova Scotia (BNS) PT Lowered to C$74.00

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective cut by Canaccord Genuity from C$76.00 to C$74.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. Canaccord Genuity’s price target would indicate a potential upside of 3.45% from the stock’s current price.

Several other equities analysts have also commented on BNS. BMO Capital Markets reiterated an “outperform” rating and issued a C$82.00 target price on shares of Bank of Nova Scotia in a research note on Wednesday, February 27th. National Bank Financial dropped their target price on Bank of Nova Scotia from C$80.00 to C$78.00 in a research note on Wednesday, February 27th. TD Securities lowered Bank of Nova Scotia from a “buy” rating to a “hold” rating and dropped their target price for the company from C$84.00 to C$80.00 in a research note on Wednesday, February 27th. CIBC lowered Bank of Nova Scotia from an “outperform” rating to a “neutral” rating and dropped their target price for the company from C$86.00 to C$81.00 in a research note on Wednesday, February 27th. Finally, Desjardins dropped their target price on Bank of Nova Scotia from C$83.00 to C$81.00 in a research note on Wednesday, February 27th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of C$83.08.

TSE BNS opened at C$71.53 on Wednesday. Bank of Nova Scotia has a fifty-two week low of C$66.36 and a fifty-two week high of C$80.79. The firm has a market capitalization of $87.49 billion and a PE ratio of 10.73.

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) last released its quarterly earnings results on Tuesday, February 26th. The bank reported C$1.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$1.87 by C($0.12). The firm had revenue of C$7.60 billion during the quarter, compared to the consensus estimate of C$8.21 billion. Equities research analysts anticipate that Bank of Nova Scotia will post 7.78653710240805 EPS for the current year.

Bank of Nova Scotia Company Profile

The Bank of Nova Scotia provides various banking products and services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific. The company offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and related creditor insurance to individuals and small businesses; and commercial banking solutions comprising lending, deposit, cash management, and trade finance solutions to medium and large businesses, including automotive dealers and their customers.

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Analyst Recommendations for Bank of Nova Scotia (TSE:BNS)

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