Jefferies Financial Group Has Lowered Expectations for Bank of Nova Scotia (TSE:BNS) Stock Price

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its price objective reduced by stock analysts at Jefferies Financial Group from C$81.00 to C$77.00 in a research note issued on Tuesday,BayStreet.CA reports. Jefferies Financial Group’s price objective suggests a potential upside of 6.35% from the stock’s previous close.

A number of other research analysts have also recently issued reports on the company. CIBC lifted their price objective on Bank of Nova Scotia from C$82.00 to C$84.00 in a report on Tuesday, November 26th. Barclays raised shares of Bank of Nova Scotia from a “strong sell” rating to a “hold” rating in a report on Thursday, November 21st. National Bankshares upped their price objective on shares of Bank of Nova Scotia from C$66.00 to C$78.00 in a research note 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 research note on Thursday, January 9th. Finally, TD Securities decreased their price target 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. Eight analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Bank of Nova Scotia has a consensus rating of “Moderate Buy” and a consensus price target of C$78.33.

Bank of Nova Scotia Trading Down 0.0 %

Shares of BNS opened at C$72.40 on Tuesday. The stock has a 50 day simple moving average of C$74.97 and a 200-day simple moving average of C$72.59. The stock has a market cap of C$88.72 billion, a PE ratio of 11.44, a PEG 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.