Bank Of Nova Scotia (BNS) Gets a Hold Rating from CIBC
In a report released yesterday, Robert Sedran from CIBC maintained a Hold rating on Bank Of Nova Scotia (BNS), with a price target of C$79.00. The company’s shares closed last Monday at $54.41.
According to TipRanks.com, Sedran is a 4-star analyst with an average return of 5.6% and a 63.0% success rate. Sedran covers the Financial sector, focusing on stocks such as National Bank of Canada, Toronto Dominion Bank, and Canadian Western Bank.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bank Of Nova Scotia with a $58.95 average price target, implying a 6.4% upside from current levels. In a report issued on February 19, Canaccord Genuity also maintained a Hold rating on the stock with a C$76.00 price target.
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The company has a one-year high of $58.22 and a one-year low of $50.36. Currently, Bank Of Nova Scotia has an average volume of 751.3K.
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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.