/Bank of Nova Scotia (NYSE:BNS) Receives a Lower Rating From BidaskScore. Is it Time to Sell Shares? (via Qpute.com)

Bank of Nova Scotia (NYSE:BNS) Receives a Lower Rating From BidaskScore. Is it Time to Sell Shares? (via Qpute.com)

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Bank of Nova Scotia (NYSE:BNS) Receives a Downgrade

New York-listed Bank of Nova Scotia (NYSE:BNS) shares have been cut by stock analysts at BidaskScore. BidaskScore cut its rating on the $70.11 billion market capitalized firm to a “Hold”.

The Bank of Nova Scotia (NYSE:BNS) Ratings Coverage

Among 3 analysts covering Bank of Nova Scotia (NYSE:BNS), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Bank of Nova Scotia has $7800 highest and $6200 lowest target. $71.67’s average target is 24.69% above currents $57.48 stock price. Bank of Nova Scotia had 6 analyst reports since August 28, 2019 according to SRatingsIntel. Bank of America upgraded the stock to “Buy” rating in Tuesday, September 24 report. Credit Suisse maintained the shares of BNS in report on Wednesday, August 28 with “Outperform” rating. BMO Capital Markets maintained The Bank of Nova Scotia (NYSE:BNS) rating on Wednesday, August 28. BMO Capital Markets has “Outperform” rating and $7800 target.

The stock increased 0.05% or $0.03 during the last trading session, reaching $57.48. About 706,694 shares traded. The Bank of Nova Scotia (NYSE:BNS) has declined 9.37% since November 16, 2018 and is downtrending. It has underperformed by 9.37% the S&P500.

Analysts await The Bank of Nova Scotia (NYSE:BNS) to report earnings on November, 26. They expect $1.36 earnings per share, up 0.74 % or $0.01 from last year’s $1.35 per share. BNS’s profit will be $1.66B for 10.57 P/E if the $1.36 EPS becomes a reality. After $1.41 actual earnings per share reported by The Bank of Nova Scotia for the previous quarter, Wall Street now forecasts -3.55 % negative EPS growth.

The Bank of Nova Scotia provides various financial services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific. The company has market cap of $70.11 billion. It offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and related creditor insurance to individuals and small businesses; and commercial banking solutions comprising lending, deposit, cash management, and trade finance solutions to medium and large businesses, including automotive dealers and their customers. It has a 11.22 P/E ratio. The firm also provides a suite of investment and wealth management advice, services, products, and solutions to customers, as well as advisors.

More notable recent The Bank of Nova Scotia (NYSE:BNS) news were published by: Seekingalpha.com which released: “Why Scotiabank May Not Be As Great As You Think – Seeking Alpha” on December 17, 2018, also Seekingalpha.com with their article: “Bigger Means Better For Bank Of Nova Scotia – Seeking Alpha” published on February 18, 2019, Seekingalpha.com published: “Scotiabank Is Creating Opportunity For Dividend Investors – Seeking Alpha” on June 23, 2019. More interesting news about The Bank of Nova Scotia (NYSE:BNS) were released by: Seekingalpha.com and their article: “BMO, Scotiabank test quantum computing speedups for trading products – Seeking Alpha” published on August 20, 2019 as well as Finance.Yahoo.com‘s news article titled: “Scotiabank Receives Approval to Repurchase Up to 24 Million of its Common Shares – Yahoo Finance” with publication date: May 30, 2019.

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