KBW Keeps Their Hold Rating on Bank of Nova Scotia

By Jason Carr

In a new note to investors yesterday, an analyst has provided a rating update for the Financial sector company, Bank of Nova Scotia (TSX: BNS). Analyst Brian Kleinhanzl from KBW rated Bank of Nova Scotia (TSX: BNS) a Hold, setting a C$85 price target.

According to TipRanks.com, Kleinhanzl is a 2-star analyst with an average return of 1.9% and a 40.0% success rate. Kleinhanzl covers the Financial sector, focusing on stocks such as The First Of Long Island Corp, Discover Financial Services, and Dime Community Bancshares.

Bank of Nova Scotia has an analyst consensus of Moderate Buy, with a price target consensus of C$84.25.

Bank of Nova Scotia’s market cap is currently C$89.92B and has a P/E ratio of 12.5.

The Bank of Nova Scotia operates as a financial services institution that provides financial products and services to retail, commercial and corporate customers. The company was founded on March 30, 1832 and is headquartered in Toronto, Canada.

The company’s shares closed last Thursday at $74.42.