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TD Securities announced Bank of Nova Scotia (TSE:BNS), boosting its stock price target to $83.00 today

Just yesterday Bank of Nova Scotia (TSE:BNS) traded 0.38% higher at $73.95. Bank of Nova Scotia’s 50-day moving average is $71.45 and its 200-day moving average is $67.85. The last stock price is up 9.04% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 1,402,840 shares of BNS traded hands, down from an average trading volume of 1,646,610

In a report released on 11/30/2016 TD Securities increased the stock price target of Bank of Nova Scotia (TSE:BNS) from $80.00 to $83.00 reporting a possible upside of 0.12%.

Previously on Tuesday November 29, 2016, Barclays Capital released a statement about Bank of Nova Scotia (TSE:BNS) increased the target price from $66.00 to $68.00. At the time, this indicated a possible downside of -0.08%.

Recent Performance Chart

Bank of Nova Scotia (TSE:BNS)

Bank of Nova Scotia has 52 week low of $51.17 and a 52 week high of $74.38 with a PE ratio of 13.10 and has a market capitalization of $0.

In addition to TD Securities reporting its stock price target, a total of 17 brokerages have issued a ratings update on the company. The average stock price target is $56.17 with 3 brokerages rating the stock a strong buy, 6 brokerages rating the stock a buy, 8 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Bank of Nova Scotia (TSE:BNS)

The Bank of Nova Scotia (Scotiabank or the Bank) is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. The Company's segments include Canadian Banking, International Banking, Global Banking and Markets (GBM), and Other. The Bank offers range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. The Bank's Canadian Banking segment provides a suite of financial advice and banking solutions to retail, small business, commercial and wealth management customers in Canada. The Bank's International Banking segment provides a range of financial products, solutions and advice to retail and commercial customers in select regions outside of Canada. The Bank's Global Banking and Markets segment provides clients with corporate banking, investment banking and capital markets solutions.

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