Bank of Nova Scotia (The) (NYSE:BNS) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 2 by 5 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 3 stock experts have also suggested a buy rating. 1 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Macquarie downgrades the rating on Bank of Nova Scotia (The) (NYSE:BNS). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Outperform. The rating by the firm was issued on June 9, 2016.
Bank of Nova Scotia (The) (NYSE:BNS): The stock price is expected to reach $ 54.25 in the short term. The number of analysts agreeing with this consensus is 6. The higher estimate for the short term price target is at $72 while the lower estimate is at $47. The standard deviation of the price stands at $9.01.
Bank of Nova Scotia (The) (NYSE:BNS) rose 0.18% or 0.09 points on Tuesday and made its way into the gainers of the day. After trading began at $50.92 the stock was seen hitting $51.08 as a peak level and $50.525 as the lowest level. The stock ended up at $50.89. The daily volume was measured at 858,223 shares. The 52-week high of the share price is $54.21 and the 52-week low is $35.01. The company has a market cap of $61,207 million.
Shares of The Bank of Nova Scotia rose by 1.27% in the last five trading days and 5.8% for the last 4 weeks. The Bank of Nova Scotia is up 5.74% in the last 3-month period. Year-to-Date the stock performance stands at 27.28%.
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.