National Bankshares Has Lowered Expectations for Bank of Nova Scotia (TSE:BNS) Stock Price

Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) had its target price lowered by analysts at National Bankshares from C$78.00 to C$71.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the bank’s stock. National Bankshares’ price objective suggests a potential upside of 11.71% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Cibc World Mkts cut shares of Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Accountability Research set a C$82.00 target price on Bank of Nova Scotia and gave the company a “buy” rating in a research note on Thursday, January 9th. Jefferies Financial Group dropped their price target on Bank of Nova Scotia from C$81.00 to C$77.00 in a research report on Tuesday, February 18th. Bank of America lowered Bank of Nova Scotia from a “buy” rating to a “neutral” rating and decreased their price objective for the company from C$82.00 to C$70.00 in a research report on Monday, March 31st. Finally, Royal Bank of Canada dropped their target price on shares of Bank of Nova Scotia from C$83.00 to C$81.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 26th. Nine analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$76.09.

Bank of Nova Scotia Stock Performance

Shares of TSE BNS opened at C$63.56 on Monday. Bank of Nova Scotia has a 52-week low of C$60.68 and a 52-week high of C$80.14. The stock has a market cap of C$77.89 billion, a P/E ratio of 10.04, a P/E/G ratio of 1.33 and a beta of 0.97. The firm has a 50 day moving average price of C$70.19 and a 200 day moving average price of C$73.41.

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.