What’s Bank of Nova Scotia Downside After Today’s Huge Decline?

 What's Bank of Nova Scotia Downside After Today's Huge Decline?

The stock of Bank of Nova Scotia (TSE:BNS) is a huge mover today! About 1.10 million shares traded hands. Bank of Nova Scotia (TSE:BNS) has risen 16.51% since April 5, 2016 and is uptrending. It has outperformed by 11.72% the S&P500.
The move comes after 8 months negative chart setup for the $86.66B company. It was reported on Nov, 9 by Barchart.com. We have $64.96 PT which if reached, will make TSE:BNS worth $7.80B less.

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 0.50% above today’s ($71.39) stock price. Bank of Nova Scotia has been the topic of 34 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of Bank of Nova Scotia (TSE:BNS) earned “Market Perform” rating by KBW on Tuesday, August 18. IBC maintained it with “Sector Perform” rating and $66 target price in Monday, August 17 report. RBC Capital Markets maintained Bank of Nova Scotia (TSE:BNS) rating on Wednesday, August 31. RBC Capital Markets has “Outperform” rating and $77 price target. As per Wednesday, December 2, the company rating was maintained by RBC Capital Markets. Bank of America initiated Bank of Nova Scotia (TSE:BNS) on Tuesday, November 1 with “Buy” rating. Desjardins Securities upgraded the stock to “Buy” rating in Friday, January 8 report. The stock has “Buy” rating given by Dundee Securities on Wednesday, September 21. The stock of Bank of Nova Scotia (TSE:BNS) earned “Sector Perform” rating by National Bank Canada on Tuesday, August 4. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, June 1.

More important 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 Seekingalpha.com published article titled: “Does Bank Of Nova Scotia Measure Up To Its Peers?”, Businesswire.com published: “Fitch Affirms Bank of Nova Scotia’s IDRs at ‘AA-‘ and ‘F1+’; Outlook Stable” on October 28, 2016. More interesting news about Bank of Nova Scotia (TSE:BNS) was released by: Moodys.com and their article: “Moody’s assigns definitive ratings to SSTRT 2016-1, Bank of Nova Scotia …” with publication date: October 20, 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 $86.66 billion. The Company’s divisions include Canadian Banking, International Banking, Global Banking and Markets (GBM), and Other. It has a 12.64 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment