Bank Of Nova Scotia (BNS) was Downgraded to a Hold Rating at Fundamental Research

Bank Of Nova Scotia (BNSResearch Report) received a Hold rating and an C$84.50 price target from Fundamental Research analyst Siddharth Rajeev today. The company’s shares closed last Wednesday at $67.28.

According to TipRanks.com, Rajeev is a 2-star analyst with an average return of 0.3% and a 34.8% success rate. Rajeev covers the Basic Materials sector, focusing on stocks such as Voyageur Pharmaceuticals, Silver Dollar Resources, and Golden Minerals Co.

Currently, the analyst consensus on Bank Of Nova Scotia is a Moderate Buy with an average price target of $72.46, which is a 6.5% upside from current levels. In a report issued on May 26, National Bank also maintained a Hold rating on the stock with a C$91.00 price target.

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Bank Of Nova Scotia’s market cap is currently $81.8B and has a P/E ratio of 10.30.

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Founded in 1832, Canada-based Bank of Nova Scotia provides various financial products and services, including personal, commercial, corporate, and investment banking. It operates through the following segments: Canadian Banking, International Banking, Global Banking and Markets, and Global Wealth Management.

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