Analysts seem to be feeling optimistic about Bank of Nova Scotia (BNS) lately, as another research firm gave the stock a Buy rating today. TD Securities’ analyst Mario Mendonca reiterates their Buy rating on the shares, with a C$87 price target.
According to TipRanks.com, Mendonca is a 1-star analyst with an average return of -1.5% and a 36.9% success rate. Mendonca covers the Financial sector, focusing on stocks such as Manulife Financial Corp, National Bank of Canada, and Bank Of Nova Scotia.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bank of Nova Scotia with a C$83.29 average price target, a 15.5% upside from current levels. In a report issued on November 16, Barclays also maintained a Buy rating on the stock with a C$85 price target.
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Bank of Nova Scotia’s market cap is currently C$86.41B and has a P/E ratio of 6.9. The company has a Price to Book ratio of 1.42.
Bank of Nova Scotia engages in the provision of financial products and services, including personal, commercial, corporate, and investment banking. It operates through the following segments: Canadian Banking, International Banking, Global Banking and Markets, and Other.
The company’s shares closed on Wednesday at C$72.13.
