A Wall Street analyst has provided a review for the Financial company today, but retained the same rating on the stock. Analyst John Aiken from Barclays remains bullish on Bank of Nova Scotia (BNS) and has a C$85 price target.
According to TipRanks.com, Aiken is a 1-star analyst with an average return of -2.4% and a 38.3% success rate. Aiken covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, National Bank of Canada, and Toronto Dominion Bank.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bank of Nova Scotia with a C$84.70 average price target, which is a 19.6% upside from current levels. In a report issued on November 6, Desjardins also reiterated 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$87.56B and has a P/E ratio of 10.4. The company has a Price to Book ratio of 1.44.
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 Friday at C$70.83, close to its 52-week low of C$69.01.
