Wall Street analyst has provided a review for the Financial company today, but retained the same rating on the stock. Bank of Nova Scotia (TSX: BNS) received a Hold rating from National Bank’s analyst Gabriel Dechaine, with a C$81 price target.
Dechaine has an average return of 29.3% when recommending Bank of Nova Scotia.
According to TipRanks.com, Dechaine is ranked #455 out of 4872 analysts.
Currently, the analyst consensus on Bank of Nova Scotia is a Moderate Buy with an average price target of C$85.79, a 13.0% upside from current levels. In a report released yesterday, Canaccord Genuity also downgraded the stock to Hold with a C$82.50 price target.
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Bank of Nova Scotia’s market cap is currently C$92.16B and has a P/E ratio of 11.1. The company has a Price to Book ratio of 1.61.
Bank of Nova Scotia is a financial services institution, which engages in the provision of financial products and services to retail, commercial, and corporate customers. It operates through the following business segments: Canadian Banking, International Banking, Global Banking and Markets, and Other. The Other segment includes small business segments.
The company’s shares closed on Wednesday at C$75.93.
