Trade Report: Today, Bank of Nova Scotia (BNS) Receives C$74.07 Average Price Target from Analysts

Today, Bank of Nova Scotia (BNS) Receives C$74.07 Average Price Target from Analysts

Shares of Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) have been given an average recommendation of “Buy” by the fourteen ratings firms that are currently covering the company. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$74.29.

BNS has been the topic of a number of analyst reports. RBC Capital Markets increased their target price on Bank of Nova Scotia from C$72.00 to C$77.00 and gave the company an “outperform” rating in a report on Wednesday, August 31st. Desjardins increased their target price on Bank of Nova Scotia from C$71.00 to C$73.00 and gave the company a “buy” rating in a report on Wednesday, August 31st. Scotiabank increased their target price on Bank of Nova Scotia from C$70.00 to C$76.00 and gave the company an “outperform” rating in a report on Wednesday, August 31st. Barclays PLC increased their target price on Bank of Nova Scotia from C$55.00 to C$60.00 and gave the company an “equal weight” rating in a report on Wednesday, August 17th. Finally, Royal Bank Of Canada increased their price target on Bank of Nova Scotia from C$72.00 to C$77.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 31st.

In related news, Director Brian J. Porter sold 25,176 shares of the stock in a transaction on Thursday, September 8th. The stock was sold at an average price of C$70.17, for a total value of C$1,766,599.92.

Shares of Bank of Nova Scotia (TSE:BNS) opened at 72.90 on Tuesday. The firm has a market capitalization of $87.83 billion and a PE ratio of 12.91. The stock has a 50 day moving average price of $71.37 and a 200-day moving average price of $67.70. Bank of Nova Scotia has a 52 week low of $51.17 and a 52 week high of $73.02.

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