Analyst Rating Update on Bank of Nova Scotia (The) (BNS)

Bank of Nova Scotia (The) (NYSE:BNS) : The consensus on Bank of Nova Scotia (The) (NYSE:BNS) based on 5 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Bank of Nova Scotia (The) (NYSE:BNS) : 6 Wall Street analysts covering Bank of Nova Scotia (The) (NYSE:BNS) believe that the average level the stock could reach for the short term is $54.25. The maximum price target given is $72 and the minimum target for short term is around $47, hence the standard deviation is calculated at $9.01.

For the current week, the company shares have a recommendation consensus of Buy.

Bank of Nova Scotia (The) (NYSE:BNS): stock turned positive on Tuesday. Though the stock opened at $48.61, the bulls momentum made the stock top out at $48.99 level for the day. The stock recorded a low of $48.37 and closed the trading day at $48.94, in the green by 1.87%. The total traded volume for the day was 861,939. The stock had closed at $48.04 in the previous days trading.

The Bank of Nova Scotia (the Bank) is a Canada-based diversified financial institution. The Bank offered a range of products and services, including retail, commercial, corporate and investment banking to more than 21 million customers in more than 55 countries around the world. The Bank has four business lines: Canadian Banking, International Banking, Scotia Capital and Global Wealth Management. The Canadian Banking segment provided a range of banking and investing services to more than 7.7 million customers across Canada, through a network of 1,190 branches, 3,869 automated banking machine (ABMs), as well as telephone, Internet banking and third-party channels. International Banking includes Scotiabanks retail and commercial banking operations in more than 55 countries outside Canada. Global Wealth Management (GWM) consists of wealth management insurance and Global Transaction Banking businesses.

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