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Where Does Wall Street Think Bank of Nova Scotia (BNS) Stock Will Go?

Friday, July 01, 2022 02:32 PM | InvestorsObserver Analysts
Where Does Wall Street Think Bank of Nova Scotia (BNS) Stock Will Go?

Wall Street is positive on Bank of Nova Scotia (BNS). On average, analysts give Bank of Nova Scotia a Buy rating. The average price target is $73.245, which means analysts expect the stock to rise by 24.69% over the next twelve months. That average ranking earns Bank of Nova Scotia an Analyst Rating of 17, which is better than 17% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.5
Wall Street analysts are rating BNS a Buy today. Find out what this means to you and get the rest of the rankings on BNS!

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Bank of Nova Scotia Stock Today?

Bank of Nova Scotia (BNS) stock is trading at $58.74 as of 2:30 PM on Friday, Jul 1, an increase of $0.33, or 0.57% from the previous closing price of $58.41. Volume today is above average. So far 2,702,739 shares have traded compared to average volume of 1,631,816 shares. The stock has traded between $57.42 and $58.84 so far today. Click Here to get the full Stock Report for Bank of Nova Scotia stock.

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