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Bank of Nova Scotia(BNS-T)

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Bank of Nova Scotia: Stocks Overvalued by Analyst Consensus on TSX (BNS)

AI-generated - The Globe and Mail - Sat Mar 30, 8:10AM CDT

Bank of Nova Scotia is among the group of overvalued stocks on the Toronto Stock Exchange. This means the consensus value for each stock on this list is below its current price.

This report is generated monthly. It provides the close price and target price for these companies along with the number of analysts covering the stock. Also included is the fiscal year for the target price as sometimes these analyst targets are not for the current or even the next fiscal year. Stocks in this category are generally sold to preserve capital.

There may be a number of reasons why a company would be on this list. Companies with a large analyst following with a difference in price versus target are worth exploring in more detail.

SymbolNameTarget YearClose PriceTarget Price MeanCurrencyTarget Price # Estimates
BMOBank of Montreal2024130.35129.1111CAD9
BNSBank of Nova Scotia202468.4666.25CAD10
CMCanadian Imperial Bank of Commerce202468.3566.5556CAD9
IMOImperial Oil Ltd202493.0990.1CAD10
NANational Bank of Canada2024113.73109.4444CAD9
TFIITFI International Inc2024215.87212.231CAD8
CTCCanadian Tire Corp Ltd2024248153.25CAD8
BHCBausch Health Companies Inc202413.412.1761CAD1
HPS-AHammond Power Solutions Inc2024125.4694CAD1
LBLaurentian Bank of Canada202427.9927.8889CAD9
WEEDCanopy Growth Corp20259.775.1667CAD3
FSZFiera Capital Corp20248.277.75CAD6
MRT-UNMorguard Real Estate Investment Trust20245.335.25CAD2
CPHCipher Pharmaceuticals Inc20249.58.025CAD2
FCD-UNFirm Capital Property Trust20244.814.75CAD1
TRZTransat AT Inc20243.893.4125CAD4
STCKStack Capital Group Inc202410.0410CAD1
LSPKLifeSpeak Inc20240.670.575CAD4
PMTPerpetual Energy Inc20240.520.5CAD2
LPENLoop Energy Inc20240.1650.15CAD1

All data provided as of March 26, 2024.

More about Bank of Nova Scotia

Bank of Nova Scotia is a global financial services provider. The bank has five business segments: Canadian banking, international banking, global wealth management, global banking and markets, and other. It offers a range of advice, products, and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

Bank of Nova Scotia is listed under BNS on the Toronto Stock Exchange.

Artificial intelligence at Report on Business

Report on Business scans market data using algorithms to process large quantities of information. The results are specialized reports produced through automation. Ongoing ROB project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities.

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