Bank of Nova Scotia’s Trend Up, Especially After Today’s Strong Session

 Bank of Nova Scotia's Trend Up, Especially After Today's Strong Session

The stock of Bank of Nova Scotia (TSE:BNS) is a huge mover today! About 210,444 shares traded hands. Bank of Nova Scotia (TSE:BNS) has risen 13.17% since April 1, 2016 and is uptrending. It has outperformed by 11.21% the S&P500.
The move comes after 9 months positive chart setup for the $86.32B company. It was reported on Nov, 8 by Barchart.com. We have $103.41 PT which if reached, will make TSE:BNS worth $37.98B more.

Bank of Nova Scotia (TSE:BNS) Ratings Coverage

Out of 10 analysts covering Bank of Nova Scotia (TSE:BNS), 8 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 80% are positive. $78 is the highest target while $45 is the lowest. The $71.75 average target is -0.08% below today’s ($71.81) stock price. Bank of Nova Scotia has been the topic of 34 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The company was initiated on Tuesday, November 1 by Bank of America. The stock of Bank of Nova Scotia (TSE:BNS) has “Sector Perform” rating given on Monday, August 17 by IBC. The firm earned “Outperform” rating on Wednesday, December 2 by RBC Capital Markets. As per Friday, January 8, the company rating was upgraded by Desjardins Securities. The stock has “Sector Perform” rating given by National Bank Canada on Tuesday, August 4. The firm earned “Buy” rating on Wednesday, September 21 by Dundee Securities. KBW maintained it with “Market Perform” rating and $64 target price in Tuesday, August 18 report. RBC Capital Markets maintained Bank of Nova Scotia (TSE:BNS) rating on Wednesday, June 1. RBC Capital Markets has “Outperform” rating and $72 price target. The firm has “Outperform” rating given on Wednesday, August 31 by RBC Capital Markets.

More recent Bank of Nova Scotia (TSE:BNS) news were published by: Zacks.com which released: “Why a Solid Surge is Ahead for Bank of Nova Scotia (BNS)?” on October 11, 2016. Also Businesswire.com published the news titled: “Fitch Affirms Bank of Nova Scotia’s IDRs at ‘AA-‘ and ‘F1+’; Outlook Stable” on October 28, 2016. Seekingalpha.com‘s news article titled: “Does Bank Of Nova Scotia Measure Up To Its Peers?” with publication date: October 17, 2016 was also an interesting one.

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 $86.32 billion. The Company’s divisions include Canadian Banking, International Banking, Global Banking and Markets (GBM), and Other. It has a 12.71 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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