Alert: Rating Downgrade (12/15/23)-The Bank of Nova Scotia (NYSE: BNS).


Stock Rating Downgrade

In the last week the Value Trend Rating for The Bank of Nova Scotia (NYSE: BNS) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.


Recent Price Action

The Bank of Nova Scotia (NYSE: BNS) stock declined modestly by -1.6% on 12/15/23. The stock closed at $46.36. Moreover, this decline was accompanied by exceptionally high trading volume at 506% of normal. The stock has performed in line with the market over the last nine months and has risen 4.8% during the last week.

Current PriceTarget Research Rating

BNS is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Bank of Nova Scotia has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Bank of Nova Scotia has a very high Appreciation Score of 91 but a slightly negative Power Rating of 33, with the High Neutral Value Trend Rating the result.

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