Bank of Nova Scotia Increases Again; Strong Momentum for Buyers


 Bank of Nova Scotia Increases Again; Strong Momentum for Buyers

The stock of Bank of Nova Scotia (TSE:BNS) is a huge mover today! About 489,739 shares traded hands. Bank of Nova Scotia (TSE:BNS) has risen 12.61% since March 11, 2016 and is uptrending. It has outperformed by 7.12% the S&P500.
The move comes after 5 months positive chart setup for the $84.94B company. It was reported on Oct, 18 by We have $112.17 PT which if reached, will make TSE:BNS worth $50.11B more.

Bank of Nova Scotia (TSE:BNS) Ratings Coverage

Out of 9 analysts covering Bank of Nova Scotia (TSE:BNS), 7 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 78% are positive. $78 is the highest target while $45 is the lowest. The $71.75 average target is 1.70% above today’s ($70.55) stock price. Bank of Nova Scotia has been the topic of 33 analyst reports since August 4, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained it with “Outperform” rating and $72 target price in Wednesday, June 1 report. The stock of Bank of Nova Scotia (TSE:BNS) earned “Sector Perform” rating by National Bank Canada on Tuesday, August 4. As per Friday, January 8, the company rating was upgraded by Desjardins Securities. RBC Capital Markets maintained Bank of Nova Scotia (TSE:BNS) on Wednesday, August 31 with “Outperform” rating. On Wednesday, December 2 the stock rating was maintained by RBC Capital Markets with “Outperform”. The rating was maintained by IBC with “Sector Perform” on Monday, August 17. The stock of Bank of Nova Scotia (TSE:BNS) earned “Buy” rating by Dundee Securities on Wednesday, September 21. KBW maintained Bank of Nova Scotia (TSE:BNS) on Tuesday, August 18 with “Market Perform” rating.

More notable recent Bank of Nova Scotia (TSE:BNS) news were published by: which released: “Does Bank Of Nova Scotia Measure Up To Its Peers?” on October 17, 2016, also with their article: “Ex-Dividend Reminder: Apple Hospitality REIT, ServisFirst Bancshares and Bank …” published on September 28, 2016, published: “Bank of Nova Scotia: A 4.2% Yield Plus so Much More” on October 12, 2016. More interesting news about Bank of Nova Scotia (TSE:BNS) were released by: and their article: “Is Sun Life Financial Inc. or Bank of Nova Scotia a Better Bet on Growth in …” published on October 08, 2016 as well as‘s news article titled: “Is Bank of Nova Scotia or Bank of Montreal More Attractive Today?” with publication date: October 04, 2016.

The Bank of Nova Scotia is an international bank and a financial services well-known provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. The company has a market cap of $84.94 billion. The Company’s divisions include Canadian Banking, International Banking, Global Banking and Markets (GBM), and Other. It has a 12.49 P/E ratio. The Bank offers range of advice, services and products, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

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