RE:RE:RE:RE:RE:RE:RE:RE:$ 78.99 I tend to agree with you. The highest other rating by an analyst is $90 so that would seem like a real outlier. The information on CIBC investors edge platform is shown below where they list the target at $113.14. However it wouldn't be unusual in my experience for CIBC to post something incorrectly and not do their due diligence. So I just didn't accept the information from one source (CIBC), at face value. I did a Google search and found the information highlighted in yellow below.
I thought OK, the previous target of $50.10 being a US figure would convert into approximately the $70 previous Canadian target at Barclays. Therefore if the $81 target was in fact US dollars, that would approximately equal the $113 figure quoted by CIBC. However it would seem that both CIBC and the website FUTUBULL (Some kind of finance website), are in fact both inaccurate.
I did a further search on "market screener" sometimes known as "4traders" And they quote the same figures in Canadian as you did.
Will as they say: clear as mud! Anyway, I am satisfied with the $81 Canadian price target and let's hope the December 3 earnings report is rock solid, in which case we may get higher ratings!
I am enjoying the insightful comments here from legitimate contributors. Very informative! Of course it is so easy to pick up the spam and people pumping other stocks!
Thanks again for your feedback. GLTA! I am sure next week will be filled with more corporate news, macroeconomics data as well as geopolitical events!
From FUTUBULL website:
Barclays analyst Brian Morton upgrades $Bank of Nova Scotia (BNS.US)$ to a hold rating, and adjusts the target price from $50.1 to $81.
According to TipRanks data, the analyst has a success rate of 23.1% and a total average return of -6.2% over the past year.
| | Hold | $113.14 | Upgraded | Nov 21, 2024
|
| | Hold | $113.14 | Upgraded | Nov 21, 2024 |