Analyst Price Target Update on Bank of Nova Scotia (The) (NYSE:BNS)

Bank of Nova Scotia (The) (NYSE:BNS) should head towards $54.25 per share according to 6 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $47 per share. The higher price estimate target is at $72 according to the Analysts.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Macquarie, downgrades their rating on the shares of Bank of Nova Scotia (The) (NYSE:BNS). Macquarie has a Neutral rating on the shares. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on June 9, 2016. For the current week, the company shares have a recommendation consensus of Buy.

Bank of Nova Scotia (The) (NYSE:BNS) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.36 points or 0.7% at $50.77 with 1,086,928 shares getting traded. Post opening the session at $50.69, the shares hit an intraday low of $50.49 and an intraday high of $51.06 and the price was in this range throughout the day. The company has a market cap of $61,063 million and the number of outstanding shares have been calculated to be 1,202,732,000 shares. The 52-week high of Bank of Nova Scotia (The) (NYSE:BNS) is $54.21 and the 52-week low is $35.01.

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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